Warren Buffett Quotes

Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.

Canada did not have a financial crises just because the Canadian Government said “No” to their bankers.

As much as the banking system may not be terribly popular, it is an essential part of the economy.

Separating out banks and investment banks right now under Glass-Steagall would have very big implications to the liquidity and the capital markets and banks being able to perform necessary lending.

Money is the kind of instrument which is very speedily produced.

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

A clear lesson of history is that a 'sine qua non' for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.

It has a sound and rational circulating medium, a real and definite representative of wealth.

All the banks in Christendom could not control money.

Most certainly it was a very wrong step to Crush the Private Bank, and set up this Publick Bank in its place

The second evil arising from the practice of banking, has its origin, in the system of credit itself; and the shock which, as it is rounded on prevailing opinion, it is liable to receive from whatever shakes public confidence.

Since 1840 the United States has had 12 systemic banking crises and Canada has had none …. It all has to do with politics.

Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I think it would be great for the economy.

Helping Wall Street regain confidence and stability was the last thing an angry public wanted in 2009 after the markets crashed. But without such support, markets can buckle and liquidity can disappear - often for decades, as has been the case in Japan.

I was secretary of the Treasury in 2008. In that role, I had the privilege to work with many talented men and women in government and the private sector who labored to pull our nation back from the brink of disaster.

If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.

It's better to have the taxpayer pay for the losses than have the United States of America become an economic wasteland. If the financial system collapses, it's really, really hard to put it back together again.

Liquidity is oxygen for a financial system.

In the wake of the 2008 recession, Congress and the Obama Administration rightly focused financial regulation on protecting the nation's financial system from itself.

It's important that the American people understand that President has proposed and passed this stimulus plan not as the end-all and be-all to our economic woes but as our bridge over troubled water until we get the finance system, the banking system working again.

The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.

Good strong banks are essential for every family and for every business in the country and extraordinary times call for the bold and far-reaching solutions that the Treasury has announced today.

The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery.