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"Really good so far. Not sure why I have stopped with 25 minutes left" — May 30, 2024 08:21PM
"Really good so far. Not sure why I have stopped with 25 minutes left" — May 30, 2024 08:21PM
“My grandmother had never been very political, and she sure didn't follow high finance. But decades later, she was still repeating her line that she knew two things about Franklin Roosevelt: He made it safe to put money in banks and---she always paused here and smiled---he did a lot of other good things.
And that was my pitch to Congressman Frank. Start with something that people understand, something that solves a problem they can see. Do that, and then they'll have confidence in the work you do to fix the parts they can't see...
Start simple. Fix something people can see.”
― A Fighting Chance
And that was my pitch to Congressman Frank. Start with something that people understand, something that solves a problem they can see. Do that, and then they'll have confidence in the work you do to fix the parts they can't see...
Start simple. Fix something people can see.”
― A Fighting Chance
“Otis, on the other hand, didn't miss home a bit. He had always hated the stairs in our house in Massachusetts. He was now five years old and very large for a golden retriever. I thought he was fat, but Bruce insisted he was just "big-boned". Either way, climbing the steep stairs at home was a challenge. Whenever Bruce and I went upstairs, Otis would sit near the bottom step, carefully calculating whether we would be on the second floor long enough to make it worthwhile to heave himself up the stairs. And on the way down the stairs, Otis was like a fully loaded eighteen-wheeler barreling down a steep hill. We just got out of his way.
But in the new Washington apartment building, Otis had an elevator. As far as he was concerned, life was sweet.”
―
But in the new Washington apartment building, Otis had an elevator. As far as he was concerned, life was sweet.”
―
“Everybody in this room knows the basic rule: if you don’t have a seat at the table, you are probably on the menu.”
―
―
“Starting in 1792 with George Washington, there were financial crises every ten to fifteen years. Panics, bank runs, credit freezes, crashes, depressions. People lost their farms, families were wiped out. This went on for more than a hundred years, until the Great Depression, when Oklahoma turned to dust. "We can do better than this." Americans said. "We don't need to go back to the boom-and-bust cycle." The Great Depression produced three regulations:
The FDIC-your bank deposits were safe.
Glass-Steagall-banks couldn't go crazy with your money.
The SEC-stock markets would be tightly controlled.
For fifty years, these rules kept America from having another financial crisis. Not one panic or meltdown or freeze. They gave Americans security and prosperity. Banking was dull. The country produced the greatest middle class the world had ever seen.”
―
The FDIC-your bank deposits were safe.
Glass-Steagall-banks couldn't go crazy with your money.
The SEC-stock markets would be tightly controlled.
For fifty years, these rules kept America from having another financial crisis. Not one panic or meltdown or freeze. They gave Americans security and prosperity. Banking was dull. The country produced the greatest middle class the world had ever seen.”
―
“Today the game is rigged—rigged to work for those who have money and power. Big corporations hire armies of lobbyists to get billion-dollar loopholes into the tax system and persuade their friends in Congress to support laws that keep the playing field tilted in their favor. Meanwhile, hardworking families are told that they’ll just have to live with smaller dreams for their children.”
― A Fighting Chance
― A Fighting Chance
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