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Allowed Quote by Jose Angel Gurria

“When a large financial institution is allowed to fail, you put in jeopardy hundreds of thousands, if not millions, of people.” quote by Jose Angel Gurria
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“When a large financial institution is allowed to fail, you put in jeopardy hundreds of thousands, if not millions, of people.”

Jose Angel Gurria

About This Quote

Source Speech: Remarks at IMF/World Bank Meeting, 2015

Allowing a big bank to collapse threatens the financial security of millions of people.

In simple terms: Bank failures endanger many lives.

Key Takeaway

Regulate banks to protect the public.

Themes

finance risk regulation public safety

Mood

concerned serious

Type

policy economic

When to use this quote

  • policy making
  • bank oversight
  • consumer protection
  • economic planning

Key Concepts

systemic risk moral hazard financial stability

Questions to Reflect On

  • How can we balance financial stability with economic growth?
  • What safeguards can protect individuals without over‑regulating?
A Different Perspective

Regulation may stifle innovation or limit credit availability.

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