Accumulate Quote by Elizabeth Warren
“If large financial institutions can break the law and accumulate million in profits - and, if they get caught, settle by paying out of those profits - they do not have much incentive to follow the law.”
About This Quote
Source Speech: Senate Hearing, 2022
Large banks profit from breaking laws, paying fines from those profits, reducing deterrence.
In simple terms: Banks profit from illegal actions and pay fines from those profits.
Key Takeaway
Reform penalties to exceed illegal gains.
Themes
financial regulation
law enforcement
corporate ethics
Mood
critical
urgent
Type
political
policy.
When to use this quote
- legislation
- compliance
- public advocacy
- corporate governance
Key Concepts
economics
policy
justice
Questions to Reflect On
- How can penalties be structured to truly deter misconduct?
- What role should public oversight play?
A Different Perspective
Fines may be too low to change behavior.
![“I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/c3d/alan-greenspan-1834_believe_i-believe-that-the-general-growth-in-lar_267082.jpg)
![“I can remember riding in the car with [my daughter] Amelia, when she was very small, and we'd talk about money the same way we'd talk about sparkly shoes or what had happened at school.” quote by Elizabeth Warren](https://sms4smile.com/quotes/img-quotes/e72/elizabeth-warren-879_amelia_i-can-remember-riding-in-the-car-with-my_32573.jpg)
