---
title: "1 Investment Banks Quotes By Danielle DiMartino Booth"
description: "1 Investment Banks quotes by Danielle DiMartino Booth. Plus more from Danielle DiMartino Booth and more Investment Banks sayings from other authors."
image: "https://sms4smile.com/quotes/i/df6/danielle-dimartino-booth-24430_fitness_gambling-has-been-fed-by-knowledge-that_327999.jpg"
---

> [“Gambling has been fed by knowledge that, if disaster struck, someone else—borrowers, investors, taxpayers—would end up bearing at least some of the losses,” wrote the Economist. At every stop on the securitization gravy train, investment banks generated big fees for…](https://sms4smile.com/quotes/danielle-dimartino-booth/gambling-has-been-fed-by-knowledge-that-if-disaster-struck-someone/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

[Image](https://sms4smile.com/quotes/i/df6/danielle-dimartino-booth-24430_fitness_gambling-has-been-fed-by-knowledge-that_327999.jpg)

## More by Danielle DiMartino Booth

> [“Gambling has been fed by knowledge that, if disaster struck, someone else—borrowers, investors, taxpayers—would end up bearing at least some of the losses,” wrote…](https://sms4smile.com/quotes/danielle-dimartino-booth/gambling-has-been-fed-by-knowledge-that-if-disaster-struck-someone/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“I preferred Warren Buffett’s definition: “It’s like most trends—at the beginning it’s driven by fundamentals; in the end, by speculation. It’s just like the…](https://sms4smile.com/quotes/danielle-dimartino-booth/i-preferred-warren-buffett-s-definition-it-s-like-most-trends-at-the/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“The Federal Reserve has always advertised itself as being above politics, impervious to outside influence. This is, of course, nonsense. The chairman is appointed…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-federal-reserve-has-always-advertised-itself-as-being-above/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“The transformation of my role at the bank began on February 7, 2007, when HSBC Holdings announced that its bad debts for the previous…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-transformation-of-my-role-at-the-bank-began-on-february-7-2007/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“Called before Congress during the ongoing implosion of Wall Street in October 2008, Greenspan, his upper lip visibly quivering, admitted that he was shocked…](https://sms4smile.com/quotes/danielle-dimartino-booth/called-before-congress-during-the-ongoing-implosion-of-wall-street-in/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“As a reminder, among other things, the FOMC sets the fed funds interest rate, the rate at which commercial banks lend reserve balances to…](https://sms4smile.com/quotes/danielle-dimartino-booth/as-a-reminder-among-other-things-the-fomc-sets-the-fed-funds-interest/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“With interest rates on CDs near zero, the average boomer household would need $10.6 million in principal to safely earn $15,930 in interest, the…](https://sms4smile.com/quotes/danielle-dimartino-booth/with-interest-rates-on-cds-near-zero-the-average-boomer-household/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“At Bernanke’s bidding, the Board of Governors held an emergency telephone conference on Friday, March 14, at 5 A.M. and voted to authorize the…](https://sms4smile.com/quotes/danielle-dimartino-booth/at-bernanke-s-bidding-the-board-of-governors-held-an-emergency/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“Usually an upbeat affair, the BCA conference in 2006 proved disturbing. Harvard professor Niall Ferguson asked a strange question: Why hadn’t the recent assassination…](https://sms4smile.com/quotes/danielle-dimartino-booth/usually-an-upbeat-affair-the-bca-conference-in-2006-proved-disturbing/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“I worked for one of those who pushed back against the majority. He was the lone member of the FOMC who voted against the…](https://sms4smile.com/quotes/danielle-dimartino-booth/i-worked-for-one-of-those-who-pushed-back-against-the-majority-he-was/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“The Economist wrote that the Fed was “taking the unprecedented (and, some say, disturbing) step of financing up to $30 billion of Bear’s weakest…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-economist-wrote-that-the-fed-was-taking-the-unprecedented-and/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“The big surprise: in his dissertation Greenspan addressed housing bubbles. “There is no perpetual motion machine which generates an ever-rising path for the prices…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-big-surprise-in-his-dissertation-greenspan-addressed-housing/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“At 6 P.M. Paulson and Bernanke briefed members of the House and Senate leadership. They had little choice, Bernanke explained. AIG was one of…](https://sms4smile.com/quotes/danielle-dimartino-booth/at-6-p-m-paulson-and-bernanke-briefed-members-of-the-house-and-senate/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“In 1996, my first year on Wall Street, the New York Times wrote a story pointing out that IBM, which had employed more than…](https://sms4smile.com/quotes/danielle-dimartino-booth/in-1996-my-first-year-on-wall-street-the-new-york-times-wrote-a-story/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

> [“Banks traditionally profited by capturing the difference between the interest rate at which they made loans and what it cost them to borrow. With…](https://sms4smile.com/quotes/danielle-dimartino-booth/banks-traditionally-profited-by-capturing-the-difference-between-the/)

[Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/)

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