Bankers Quote by Michael Hudson
“I think we're in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the policy, clean up.”
About This Quote
Source Article: "The Financial Crisis and the Take‑the‑Money‑and‑Run Phase", 2012
He warns that the economy is in a stage where banks may fail, but policymakers will clean up, leaving systemic risk.
In simple terms: Economy in risky, policy‑driven cleanup phase.
Key Takeaway
Prepare for systemic risk.
Themes
economics
financial crisis
policy
banking
risk management
Mood
cautious
critical
analytical
Type
economic
political
When to use this quote
- Investment strategy
- government policy
- risk assessment
- public advocacy
Key Concepts
Moral hazard
regulatory capture
Questions to Reflect On
- How can we reduce moral hazard?
- What reforms prevent future crises?
A Different Perspective
Reliance on bailouts may create complacency.
![“What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/f15/rush-limbaugh-28_bankers_what-i-think-is-bugging-this-guy-steven_28590.jpg)
