When you lose control of risk at a financial institution, you do a variety of unfortunate credit extensions or purchases - and all of a sudden, you've blown up your business.
Perfection of planned layout is achieved only by institutions on the point of collapse.
Dear God, in mercy and grace, prevent the Senate from being like Humpty Dumpty. Keep it from being so fractured and fragmented that no one will ever be able to put it together again.
The Senate was in the midst of a particular bitter debate. The chaplain offered the following prayer.
The deterioration of a government begins almost always by the decay of its principles.
Step by step, brick by brick, the edifice of India's legislature is being destroyed.
Fascism is the result of the collapse of Europe's spiritual and social order... catastrophes broke through the everyday routine which makes men accept existing forms, institutions and tenets as unalterable natural laws. They suddenly exposed the vacuum behind the facade of society.
My constitution was destroyed long ago; now I am living under the bylaws.
The mainline Protestant churches were historically the center of gravity of the U.S. political, cultural, and intellectual establishment. Their collapse in the past five decades is one of the most important changes the United States has undergone in the contemporary era, but there has been little serious thought about its meaning.
Civilization will not attain to its perfection until the last stone from the last church falls on the last priest.
I believe the collapse of the House of Windsor is tied in with the collapse of the Church of England.
You can still do the Big Lie in Miami and get away with it. This is a town where the basic institutions have collapsed.
By and large, the answer to the question "How do large institutions survive?" is "They don't!" The vast majority of large modern-day institutions - some of them extremely vital to the functioning of our complex civilization - simply fail to exist in the first place.
The infrastructure, institutions and social fabric of Venezuela are deteriorating, and people realize the Chavez government has been the problem, not the solution.
Bigger things than the State will fall, all religion will fall.
When God desires to destroy a thing, he entrusts its destruction to the thing itself. Every bad institution of this world ends by suicide.
I certainly believe it's over for the jury system, but we won't admit it for a while.
Every bad institution of this world ends by suicide.
You could argue that [the decline of public schools] is one of the major disasters in our lifetimes. We took one of the greatest successes in the history of the earth and turned it into one of the greatest disasters in the history of the earth.
Timid and cowardly soldiers cause the loss of a nation's independence; but pusillanimous magistrates destroy the empire of the laws, the rights of the throne, and even social order itself.
I am talking about societies drained of their essence, cultures trampled underfoot, institutions undermined, lands confiscated, religions smashed, magnificent artistic creations destroyed, extraordinary possibilities wiped out.
Catastrophes come when some dominant institution, swollen like a soap-bubble and still standing without foundations, suddenly crumbles at the touch of what may seem a word or idea, but is really some stronger material source.
As John Adams said, all democracies will eventually self-destruct. We seem to be doing it very quickly.
The monarchy is finished. It was finished a while ago, but they're still making the corpses dance.
When a large financial institution is allowed to fail, you put in jeopardy hundreds of thousands, if not millions, of people.
In 15 years from now half of US universities may be in bankruptcy ... in the end I'm excited to see that happen. So pray for Harvard Business School if you wouldn't mind.