Financial Regulation Quotes

“This is the permanent tension that lies at the heart of a capitalist democracy and is exacerbated in times of crisis. In order to ensure the survival of the richest, it is democracy that has to be heavily regulated rather than capitalism.”
― Tariq Ali, The Obama Syndrome: Surrender at Home, War Abroad

“The Commodity Futures Modernization Act of 2000 -- buried in an 11,000-page budget bill and never debated -- was passed the night before Congress recessed for Christmas in December 2000. It exempted credit-default swaps from federal oversight and from state gambling laws.”
― Christine S. Richard, Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff