Financial Destruction Quotes

Derivatives are financial weapons of mass destruction.

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

... trade in derivatives poses a mega-catastrophic risk ... derivatives are financial weapons of mass destruction that could harm not only their buyers and sellers, but the whole economic system.

An unlimited power to tax involves, necessarily, the power to destroy.

And, unlike the earlier bombing on the World Trade Center, a major landmark and symbol of the strength of the financial world was, not just damaged but, totally destroyed.

There are two superpowers in the world today in my opinion. There’s the United States and there’s Moody’s Bond Rating Service. The United States can destroy you by dropping bombs and Moody’s can destroy you by downgrading your bonds. And believe me, it’s not clear sometimes who’s the more powerful.

In the financial sector, those whom the gods want to destroy they first teach math.

The monetary policies of the US will destroy the world.

'Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail.

The agreement [Bretton Woods] will enthrone a world dictatorship of private finance more complete and terrible than the Hitlerite dream. It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance. It will undermine and destroy the democratic institutions of this country - in fact as effectively as ever the Fascist forces could have done -- pervert and paganise our Christian ideals; and will undoubtedly present a new menace, endangering world peace. World collaboration of private financial interests can only mean mass unemployment, slavery, misery, degradation and financial destruction. Therefore, as freedom loving Australians we should reject this infamous proposal.

I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.

Never in our history have we been headed at such breakneck speed toward our own financial, political and cultural destruction. One can only pray that before it's too late, enough Democrats will come to their senses and help get this freight train under control.

As president of the International Brotherhood of Teamsters, I have seen private equity firms plunder company after company, taking rich fees for themselves and cutting costs until there's nothing left to cut. Time and again I've seen their reckless behavior drive companies to declare bankruptcy.

Avarice has ruined more men than prodigality, and the blindest thoughtlessness of expenditure has not destroyed so many fortunes as the calculating but insatiable lust of accumulation.