“The bailouts have become generally unpopular, in no small part because many banks seem to still view themselves as masters of the universe. There is nothing more grating than an ungrateful welfare recipient riding around in a chauffeured Mercedes complaining that he is not being treated fairly.”
“The banks aren’t bad people.”
“Capitalism without failure isn’t capitalism and if you’re propping up banks to where they’re, you know, too big to fail, there’s something fundamentally wrong with that notion.”
“We’re not here to serve banks. We’re not here to serve Wall Street. We’re not here to serve Congress. We’re here to serve American families.”
“I suggest that the problem with SIFIs [systemically important financial institutions] is they are fundamentally inconsistent with capitalism. They are inherently destabilizing to global markets and detrimental to world growth. So long as the concept of a SIFI exists, and there are institutions so powerful and considered so important that they require special support and different rules, the future of capitalism is at risk and our market economy is in peril.”