The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value goes up. You put it up as collateral. You borrow against it. You buy more of… — David Stockman Copy Share Image
I think everybody benefitted from what I am calling a bubble finance system, a bubble economy and if we're ever going to right the system, we're going to have to stop this explosion of the federal debt. We need huge… — David Stockman Copy Share Image
In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is… — David Stockman Copy Share Image
I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost… — David Stockman Copy Share Image
I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business.… — David Stockman Copy Share Image
In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take… — David Stockman Copy Share Image
The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling… — David Stockman Copy Share Image
I'm just not going to spend a lot of political capital solving some other guy's problem in 2010. — David Stockman Copy Share Image
I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I… — David Stockman Copy Share Image
The Ryan plan isn't a budget. It's the last will and testament of the Republican party. — David Stockman Copy Share Image
The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value… — David Stockman Copy Share Image
The Republican Party, as much as it pains me to say this, should be ashamed of themselves. — David Stockman Copy Share Image
Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all. — David Stockman Copy Share Image
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs… — David Stockman Copy Share Image
