--- title: "Meaning & Key Takeaway of: But the basic principle that we’re going…" description: "\"But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, tha..." image: "https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg" --- # But the basic principle that we’re going to have to see… ![“But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.” quote by Barack Obama](https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg) [Download](https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg) [Open image](https://sms4smile.com/quotes/i/eaa/barack-obama-17_assets_but-the-basic-principle-that-we-re-going_700643.jpg) > “But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.” [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Government must intervene to manage failing banks and allocate debt responsibly, ensuring financial stability. **In simple terms:** Government must handle bad bank debts. Key Takeaway Support responsible financial oversight. Themes economics policy banking debt government Mood cautious determined Type policy political When to use this quote - bank bailouts - debt restructuring - legislative hearings - financial crisis planning Key Concepts regulation public finance risk management fiscal policy Questions to Reflect On - How can we balance market freedom with necessary oversight? - What safeguards prevent misuse of public funds? A Different Perspective Political opposition may view intervention as overreach. ★ ★ ★ ★ ★ No ratings yet [Assets](https://sms4smile.com/quotes/about/assets/) [Basic Principle](https://sms4smile.com/quotes/about/basic-principle/) [Basic principles](https://sms4smile.com/quotes/about/basic-principles/) [Debt](https://sms4smile.com/quotes/about/debt/) [Debt Written](https://sms4smile.com/quotes/about/debt-written-5547597/) [Going Assets](https://sms4smile.com/quotes/about/going-assets-5547598/) [Going Debt](https://sms4smile.com/quotes/about/going-debt-1108931/) [Government](https://sms4smile.com/quotes/about/government/) [Politics](https://sms4smile.com/quotes/about/politics/) [Principle Going](https://sms4smile.com/quotes/about/principle-going-2805088/) [Principles](https://sms4smile.com/quotes/about/principles/) [Support](https://sms4smile.com/quotes/about/support/) [Written](https://sms4smile.com/quotes/about/written/) ## Related quotes > [I agree with the basic principle that anybody who wants to serve in our armed forces and make sacrifices on our behalf, on behalf…](https://sms4smile.com/quotes/barack-obama/i-agree-with-the-basic-principle-that-anybody-who-wants-to-serve-in/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I think a basic principle of our Constitution is nobody above the law](https://sms4smile.com/quotes/barack-obama/i-think-a-basic-principle-of-our-constitution-is-nobody-above-the-law/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Any business today that embraces the status quo as an operating principle is going to be on a death march.](https://sms4smile.com/quotes/howard-schultz/any-business-today-that-embraces-the-status-quo-as-an-operating/) [Howard Schultz](https://sms4smile.com/quotes/author/howard-schultz/) > [The basic principle that we must follow in directing the armies of the Republic is this: that they must feed themselves on war at…](https://sms4smile.com/quotes/napoleon-bonaparte/the-basic-principle-that-we-must-follow-in-directing-the-armies-of/) [Napoleon Bonaparte](https://sms4smile.com/quotes/author/napoleon-bonaparte/) > [The basic principle is I command, and my employees carry it out immediately.](https://sms4smile.com/quotes/wang-jianlin/the-basic-principle-is-i-command-and-my-employees-carry-it-out/) [Wang Jianlin](https://sms4smile.com/quotes/author/wang-jianlin/) > [The basic principle, rarely violated, is that what conflicts with the requirements of power and privilege does not exist.](https://sms4smile.com/quotes/noam-chomsky/the-basic-principle-rarely-violated-is-that-what-conflicts-with-the/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Life is the expression of tone. 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No other principle of effectiveness is violated as constantly today as the basic principle of concentration… Our…](https://sms4smile.com/quotes/peter-drucker/concentration-is-the-key-to-economic-results-no-other-principle-of/) [Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/) > [ \[It is a basic principle of a tyrant\] to unarm his people of weapons, money and all means whereby they resist his power. ](https://sms4smile.com/quotes/walter-raleigh/it-is-a-basic-principle-of-a-tyrant-to-unarm-his-people-of-weapons/) [Walter Raleigh](https://sms4smile.com/quotes/author/walter-raleigh/) > [We can never have too much preparation and training. We must be a strong competitor. 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