Martin Schulz Quotes

There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis.

Barack Obama has fatally undermined our currency, our solvency, our financial stability, and - ultimately - our economy all to spend money that has had no economic effect!

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

Wall Street has become a veritable casino.

An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.

Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.

And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.

Unregulated derivatives like credit default swaps threaten our regulated markets, or indeed our economy without any Federal agency knowing about it.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.

The few effective provisions of Dodd-Frank are masked by its many flaws - flaws that have been and will continue to be detrimental to the American economy and our financial future if not reversed.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done

The global crisis is caused by pathologies inherent in the global financial system itself.

Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.

Financial markets need to become less, not more, efficient.

You know what's truly weird about any financial crisis? We made it up. Currency, money, finance, they're all social inventions. When the sun comes up in the morning it's shining on the same physical landscape, all the atoms are in place.

The financial system in its current condition poses an existential threat to Western democracy far exceeding any terrorist threat.

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.

When people are getting richer and richer but they're not actually producing anything, it can't end well.

I don't think that hedge funds are bad per se. I think they're just one more financial tool. And in that sense, they're useful.

Not one Wall Street executive has been charged with crimes since the 2008 financial crash.