"'Prop trading' is just a fancy term for……" — Matt Taibbi
"'Prop trading' is just a fancy term for banks gambling in the market for their own profit."
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Matt Taibbi
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108 Quotes by Matt Taibbi
Matt Taibbi has 108 quotes on this site.
A few more worth reading:
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Organized greed always defeats disorganized democracy.
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To be robbed and betrayed by a fiendish underground conspiracy, or by the earthly agents of Satan, is at least…
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Washington politicians basically view the People as a capricious and dangerous enemy, a dumb mob whose only interesting quality happens…
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The Congressional Record will forever show that [Obamacare] was passed in a romper room of overgrown children seemingly barely old…
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There really are two Americas, one for the grifter class and one for everybody else. In everybody-else land, the world…
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For a country founded on the idea that rights are inalienable and inherent from birth, we’ve developed a high tolerance…
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Obsessed with success and wealth and despising failure and poverty, our society is systematically dividing the population into winners and…
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Being in the building with Sarah Palin that night is a transformative and oddly unsettling experience. It’s a little like…
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The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its…
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The significance of Columbus's discovery was that on a round earth, humanity is more interconnected than on a flat one.…
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Sniper is a movie whose politics are so ludicrous and idiotic that under normal circumstances it would be beneath criticism.…
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The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being…
See all 108 quotes by Matt Taibbi »
More Banks Quotes
This quote is filed under Banks Quotes,
one of 480 quotes in that category. Here are a few more:
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Banks are so protected from liability they would have to really do something that was their mistake in order for…
— Frank Abagnale
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Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to…
— Mary Kay Ash
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The issue which has swept down the centuries and which will have to be fought sooner or later is the…
— Lord Acton
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The privilege of ruling would be in the hands of the skilled and the learned, with a wide scope left…
— Mikhail Bakunin
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The river flows at its own sweet will, but the flood is bound in the two banks. If it were…
— Vinoba Bhave
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Every Republican's voted for it. Look at what they value and look at their budget and what they're proposing. Romney…
— Joe Biden
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And I think the more money you put in people's hands, the more they will spend. And if they don't…
— Michael Bloomberg
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At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call,…
— James Buchan
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This nation is like a spring freshet; it overruns its banks and destroys all who are in its path.
— Sitting Bull
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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional…
— Vince Cable
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Don't blame Wall Street, don't blame the big banks. If you don't have a job and you are not rich,…
— Herman Cain
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I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they…
— Herman Cain
See all 480 Banks Quotes »