Posts Tagged ‘wall street’
« Previous Page — Next Page »Hillary Clinton: Trump Wants Trickle Down
on Monday, August 8, 2016Hillary Clinton Money Quote saying Trump and economic advisors are attempting to revive the same monetary policy that failed Reagan. Hillary Clinton said:
“[Trump] wants to roll back regulations on Wall Street. He wants to eliminate the Consumer Financial Protection Bureau, which has saved billions of dollars for Americans. He wants to basically just repackage trickle down economics” — Hillary Clinton
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In this quote, Hillary Clinton is criticizing Donald Trump’s policy positions on financial regulation and the economy.
She asserts that by rolling back Wall Street rules and eliminating the Consumer Financial Protection Bureau, Trump wants to weaken oversight of the financial sector in a way that could harm consumers.
Clinton also argues this amounts to “repackaging” trickle-down economics, suggesting Trump’s agenda would largely follow the same theory of disproportionately benefiting the wealthy and corporations with tax cuts rather than average Americans.
Overall, the quote portrays Clinton’s view that Trump favors an economic approach focused on deregulation and tax policies that have failed to deliver widespread benefits for working people according to critics of trickle-down theory.
Robert Reich: Suck Up Big Money for PACs
on Friday, August 5, 2016both the DNC & RNC are intended to vacuum up money from the wealthy and corporations on Wall Street Money Quote saying . both the DNC & RNC are intended to vacuum up money from the wealthy and corporations on Wall Street. Robert Reich said:
“The Democratic National Committee – like the Republican National Committee – has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists, bundlers and corporate and Wall Street PACs” — Robert Reich
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In this quote, Robert Reich is criticizing how both the Democratic and Republican national parties have become heavily reliant on large donations from certain influential groups.
He argues that the DNC and RNC now function primarily as “machines” focused on soliciting huge sums of “big money” from wealthy individuals, paid lobbyists, large fundraisers known as “bundlers”, and political action committees representing corporate and Wall Street interests.
By describing their purpose in such terms, Reich aims to portray them as being driven more by fundraising from these particular powerful financial backers rather than representing average citizens.
Overall, he sees this quote as highlighting both parties’ disproportionate dependence on large donations from certain sectors, which he implies can undermine their responsiveness to ordinary voters.
Bernie Sanders: Criminality on Wall Street
on Saturday, May 28, 2016Bernie Sanders Money Quote saying wall street banks crimes were the cause of financial crisis. Bernie Sanders said:
“Financial excesses, indeed widespread financial criminality on Wall Street, played a direct role in causing the world’s worst financial crisis since the Great Depression” — Bernie Sanders
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In this quote, Bernie Sanders is directly blaming “financial excesses” and “widespread financial criminality on Wall Street” for causing the global financial crisis that began in 2008. By financial excesses, Sanders is referring to risky and reckless behavior by large banks and financial institutions that took on dangerous levels of debt and leverage.
By “financial criminality”, he seems to be suggesting that some behavior during this period crossed legal and ethical lines into outright criminal territory, though he does not provide specifics. Sanders argues this behavior within the financial sector led directly to the meltdown of the housing market and subsequent economic downturn, the worst since the Great Depression.
His view is that Wall Street’s excesses and potential illegalities played a primary role in triggering the crisis.
Bernie Sanders: Banking, Not Gambling
on Monday, May 2, 2016Bernie Sanders Money Quote saying we need to stop Wall Street from speculating with small depositors money. Bernie Sanders said:
“Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street” — Bernie Sanders
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In this quote, Bernie Sanders outlines his view of the proper role and priorities of the banking industry. He believes banks should focus on “providing affordable loans to Americans” seeking to buy necessities like homes and vehicles, which supports the real economy.
However, Sanders argues that “reckless gambling on Wall Street” through complex financial products distracts from this core function. His perspective is that banks would be better fulfilling their social purpose by concentrating on reasonably priced lending to the public rather than high-risk speculation.
The quote conveys Sanders’ position that banking should serve ordinary citizens’ needs, not the profit motives of Wall Street, by orienting their activities around steady consumer and business credit rather than volatility and outsized profits through trading.
Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street.
— Bernie Sanders (@BernieSanders) May 2, 2016
Warren Buffett: Wall Street Salesmanship
on Sunday, May 1, 2016Warren Buffett Money Quote saying sales of investment vehicles makes more money for Wall Street than the investments make. Warren Buffett said:
“There’s been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities” — Warren Buffett
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In this quote, Warren Buffett is pointing out that many people on Wall Street make more money through their ability to sell investments and financial products, rather than through their actual skill at investing money and generating returns.
Buffett seems to be suggesting that the sales and marketing talents of Wall Street professionals often outweigh their investment talents. His point is that selling investments can be very lucrative for some, even if the investments themselves do not generate great returns for the customers. Overall, he appears to be cautioning investors to focus more on the quality of investments rather than just the sales pitches used to market them.
Prince Lyrics: Fat Cats Got a Bailout
on Thursday, April 21, 2016Prince Money Music lyrics for ‘Ol’ Skool Company’ wall street got bailed out and nobody else was helped after the billions spent to save those who caused the problem. Prince said:
“Fat cats on Wall Street, They got a bailout, While somebody else got 2 wait, 700 billion but my old neighborhood, Ain’t nothing changed but the date” — Prince
In these lyrics, Prince is expressing frustration with economic inequality and the disparate treatment of wealthy elites versus everyday citizens. He references the $700 billion financial industry bailout in 2008, arguing that while “fat cats on Wall Street” received a massive rescue package, people in his old neighborhood saw no real improvement to their lives or conditions despite the aid given to banks.
Prince suggests the bailout prioritized the financial sector’s profits over struggling communities. The lyrics convey a view that the system is rigged to favor the rich, as politicians will swiftly assist large corporations or the well-connected during crises but fail to enact lasting changes that benefit regular people.
Overall, Prince appears to be criticizing this imbalance and lack of fair treatment for all in the wake of the recession.
Birthday: June 7, 1958 – Death: April 21, 2016
Elizabeth Warren: Banks Broke Economy
on Monday, February 29, 2016Elizabeth Warren Money Quote saying Academy Awards shorted #TheBigShort but it still shows the way Wall Street banks caused the financial crisis. Elizabeth Warren said:
“And no Best Picture award, but ‘The Big Short’ made clear we will not forget that Wall Street broke our economy” — Elizabeth Warren
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In this quote, Elizabeth Warren is praising the movie “The Big Short” for raising awareness about the role of Wall Street in the financial crisis of 2007-2008 that led to the Great Recession.
While the movie did not win an Academy Award for Best Picture, Warren feels it did an effective job of explaining how risky and unregulated practices on Wall Street helped “break our economy.”
The quote suggests Warren believes the movie will help ensure people do not forget the role of the financial sector in causing severe economic problems.
And no Best Picture award, but #TheBigShort made clear we will not forget that Wall St broke our economy. This ain't over. #Oscars
— Elizabeth Warren (@elizabethforma) February 29, 2016
Bernie Sanders: Risky Financial Instruments
on Thursday, December 17, 2015Bernie Sanders Money Quotation saying any bank considered too large to fail should be broken up and investment activities curtailed. Bernie Sanders said:
“In my view, if a bank is too big to fail, it is too big to exist. Wall Street cannot continue to be an island unto itself investing trillions in risky financial instruments” — Bernie Sanders
In this quote, Bernie Sanders highlights the vast disparity in wealth concentration in the United States. He notes that the collective net worth of just the richest 400 individuals is over $2.2 trillion, which exceeds the combined wealth of the bottom 150 million Americans – nearly half the population.
Sanders appears to be drawing attention to the issue of economic inequality by pointing out that a very small fraction of people at the top hold a greater amount of wealth than millions of families and individuals across the lower and middle classes combined.
The quote suggests Sanders believes wealth inequality has reached extreme levels in America, with a tiny minority controlling a disproportionate share of the nation’s total assets and resources.
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