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.”
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.
Regulate banks to protect the public.
Themes
Mood
Type
When to use this quote
- policy making
- bank oversight
- consumer protection
- economic planning
Key Concepts
Questions to Reflect On
- How can we balance financial stability with economic growth?
- What safeguards can protect individuals without over‑regulating?
Regulation may stifle innovation or limit credit availability.