financial governance Quotes

Politics is economics in action.

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.

Britain needs a tough, strong financial conduct regulator.

Tony Blair personified the shift away from democracy, towards control by bankers.

If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.

Requiring fund managers to disclose how they vote would increase accountability and mean that pensioners and ordinary investors would more easily be able to see how those acting on their behalf vote on all issues, including remuneration.

Two-thirds of the directors at the New York Fed are hand-picked by the same bankers that the Fed is in charge of regulating.

The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall].

I don't know if for sure in absolute terms if Jim Flaherty is the best Finance Minster in the world, but I am sure that he is the best Finance Minster per inch in the world.

No expense has been incurred but what has been approved of and provided for by Parliament.

If the EU and the US can cooperate successfully on regulating financial markets, everyone else will follow.

I was tenaciously opposed by the governor and deputy-governor of the Bank, who had seats in parliament, and I had the City for an antagonist on almost every occasion.

I do believe that banks are special - they are very leveraged institutions by nature; therefore, it's even more critical to ensure that the governance and the process of running a banking company are well-organised, managed and regulated.

Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.

We need to put in place an economic system of governance for the euro-zone.

I want Britain to be a global financial centre but I want it to be properly regulated.

Pothinus: "Is it possible that Caesar, the conqueror of the world, has time to occupy himself with such a trifle as our taxes?" Caesar: "My friend, taxes are the chief business of a conqueror of the world.

Nations in general, even under governments of the more popular kind, usually commit the administration of their finances to single men or to boards composed of a few individuals, who digest and prepare, in the first instance, the plans of taxation, which are afterwards passed into laws by the authority of the sovereign or legislature.

We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.

It is a sound principle of finance, and a still sounder principle of government, that those who have the duty of expending the revenue of a country should also be saddled with the responsibility of levying and providing it.

My real adversary has no name, no face, no party. It will never be elected, yet it governs - the adversary is the world of finance.

The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City - hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.

In this new market ...billions can flow in or out of an economy in seconds. So powerful has this force of money become that some observers now see the hot-money set becoming a sort of shadow world government -- one that is irretrievably eroding the concept of the sovereign powers of a nation state.