Bad Quote by Steve Eisman
“We need the government to force the banks to write down all their bad assets now and then recapitalize themselves, preferably with private capital. Those banks that cannot raise sufficient capital should be seized and their deposits sold off.”
About This Quote
Source Interview: Financial Crisis Commentary, 2018
Banks should be compelled to write down bad assets and recapitalize, using private capital or seizure if needed.
In simple terms: Banks need forced cleanup and recapitalization.
Key Takeaway
Support stronger bank regulation.
Themes
finance
regulation
banking
Mood
analytical
critical
Type
economic
policy
When to use this quote
- investment decisions
- policy advocacy
- corporate governance
- economic recovery
Key Concepts
risk management
market stability
Questions to Reflect On
- What safeguards prevent a forced recapitalization from destabilizing markets?
- How can regulators ensure fairness in asset write‑downs?
A Different Perspective
Implementation may cause market panic; private capital may be scarce.
![“How many times did we hear [Barack] Obama say, 'You didn't build that. You didn't build that - no, you need government.' We even saw Hillary Clinton say - remember her phrase - 'It takes a village to raise a child.' In other words, your children are not your children - they belong to the community.” quote by Rafael Cruz](https://sms4smile.com/quotes/img-quotes/aaa/rafael-cruz-12239_barack_how-many-times-did-we-hear-barack-obama_806727.jpg)
