Government Bailout Quotes

Of course most Americans don't know how A.I.G. brought the world's financial system to near-ruin or what credit-default swaps are. They may not even know what A.I.G. stands for. But Americans do make the connection between their fears about their own jobs and their broad understanding of the A.I.G. debacle.

When George W. Bush tried to roll back taxpayer exposure to a housing crash via Fannie and Freddie, guess what two senators joined a filibuster of the Bush initiative? Yep... those saviors of the working class, Barack Obama and Hillary Clinton. They went to bat for the housing industry and voted to allow taxpayer exposure to escalate.

The charge that [Tim] Geithner advocated taxpayer relief for Wall Street regardless of the community’s sins, will probably follow him to his grave.

Where human lives are concerned, time is always short, yet the world has witnessed the vast resources that governments can draw upon to rescue financial institutions deemed 'too big to fail.'

To promote the sales of GM vehicles, Obama says the government will stand by your GM car warranty. And all the taxpayers will get a lube job.

Any bailout of a private company is a bad decision by our federal government. Private companies have the right to succeed, but they also should have the right to fail.

No bank should be allowed to become so big that it can blackmail governments.

Taxpayer money should not have to be spent to save a misguided and mismanaged enterprise.

You know, Hoosiers recognize pork when we see it. And they recognize what bailing out every failing business in America means - We're burying generations under a mountain range of debt.

All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.

Aside from the poor example it sets, the federal government enables reckless spending on public-employee pensions by offering hope of assistance from Washington if things get bad enough.

Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now they want to avoid paying taxes.

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

If you have 'too big to fail' for cities or for states, and they believe they'll be bailed out, they'll continue to make unwise decisions.

In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.

I never would have believed as a candidate for the U.S. Senate that the U.S. government could buy GM without a hearing, with no vote, yes or no. There are billions and billions of dollars at stake here.

The Tea Party grew out of indignation over the Wall Street bailout - an indignation shared by the vast majority of Americans. But the Tea Party ended up directing its ire at government rather than at big business and Wall Street.

Saving New York City from bankruptcy is like making love to a gorilla. You don't stop when you're tired; you stop when he's tired.

The fact that the government had to put up hundreds of billions of dollars to Citibank in guarantees was a public declaration that Citibank was a mess. Making Citibank go through financial restructuring would not have conveyed any more different information. So it's very hard to see why it would have had that kind of a panic if it were done well.

I don't want the federal government to rush in and bail the out right away.

When government is... bailing out banks... we have every good reason to be alarmed.

My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.

So, it's pretty crazy. Look, we're bailing out Wall Street, we're bailing out banks, we're bailing out car companies. In fact, did you know there's a special box on your tax form this year you can check if you want a portion of your taxes to actually go to running the government?

At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.

You know, when companies who have made a commitment and have legacy costs and all of a sudden want to walk away from that commitment and lay it on the federal government, that's a problem. It's a fiscal problem for us.