Market Manipulation Quotes

Research suggests that investment bankers are more prone to commit fraud when they feel the competitor at their heels.

If you want more of something, subsidize it; if you want less of something, tax it.

Regulators all meet with Goldman Sachs executives and employees day after day after day. They don't see the people who get tricked, the people who get cheated, the people who get fooled by the products that Goldman turns out.

Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others.

I loved Internet businesses, having built and sold one. And I loved the financial business, despite the fact that it was almost all a scam.

The policy of the Obama administration is to employ regulatory strangulation to drive up the price of energy. This must be exposed and opposed for what it is: a policy of forced economic contraction.

The stock market is a racket. Those guys are crooks.

Markets are smart and governments are dumb.

I'm not anti-Wall Street - I'm anti-distortions to free markets.

Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.

Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.

The key to economic prosperity is the organized creation of dissatisfaction

He that makes use of another's fancy or necessity to sell ribbons or cloth dearer to him than to another man at the same time, cheats him.

Tariffs, quotas and other import restrictions protect the business of the rich at the expense of high cost of living for the poor. Their intent is to deprive you of the right to choose, and to force you to buy the high-priced inferior products of politically favored companies.

When executives allegedly lie to the investing public about their company's performance and thereby harm the integrity of the market, they must be held accountable.

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

New York state's Donnelly Act gives power at least as great - many think greater - than that of the Sherman Act. We have strong consumer protection laws that can be used to protect against scams and frauds by corporate monopolists.

The market, as we're all painfully aware in the aftermath of the banking crisis, can be an idiot. It has no perception of right or wrong, or even sensible or insane. It sees profit.

It's bad for baseball to have owners who can benefit another business by losing money in baseball.

In every stockjobbing swindle every one knows that some time or other the crash must come, but every one hopes that it may fall on the head of his neighbor, after he himself has caught the shower of gold and placed it in safety.

A protective tariff is a typical conspiracy in restraint of trade.

One can be in business and pursue bad profit. That is, by practicing cronyism—rigging the system to undermine competition, innovation and opportunity, making others worse off. Good profit should lead you to improve your ability to help others improve their lives. But that’s not how many businesses act today.

The war to rein in Wall Street excess is never over.

Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.