Bailouts – Quotes

Don\\’t reward bad behavior.

Don’t reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a ‘moral hazard,’ because the bailout absolved the bank’s bad acts and created an incentive for it to … Read more

I do know that

I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties … Read more

In the real world,

In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes. Dick Morris

We are living in

We are living in a time when the very integrity of the Constitution is being threatened daily, from federal bailouts to federal assumption of control over private business. David Limbaugh

Barack Obama likes to

Barack Obama likes to point to General Motors as the poster child for the job creation success of his economic policies. However, whatever your sentiments about the government’s bailout of General Motors, for every job Barack Obama ‘saved-or-created’ in the U.S. there were two jobs off shore. Bob Beauprez

Your story is for

Your story is for – voting for every disastrous trade agreement, and voting for corporate America. Did I vote against the Wall Street bailout? Bernie Sanders

The blowback against a

The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing. Andrew Ross Sorkin

If there is no

If there is no cost to be paid for the indiscriminate dumping of pollution into the earth’s atmosphere, then it should be a surprise to no one that today we will dump another 70 million tons of global warming pollution into the thin shell of atmosphere surrounding our planet. … We have to [act] this … Read more

Mother Nature does not

Mother Nature does not do bailouts. Al Gore

As bank customers, we

As bank customers, we tend to believe that we can have both perfect security for our money, drawing on it whenever we want and never expecting it not to be there, while still earning a regular rate of return. In a true free market, however, there tends to be a tradeoff: you can enjoy a money warehouse or you can hope for a return on your investment. You can’t usually have both. The Fed, however, by backing up this fractional-reserve system with a promise of endless bailouts and money creation, attempts to keep the illusion going.
Ron Paul