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The banks have said, leave us deregulated, we know how to run things, don't put government in to meddle. Then with that freedom of maneuver they took… - Jeffrey Sachs
" "The banks have said, leave us deregulated, we know how to run things, don't put government in to meddle. Then with that freedom of maneuver they took huge gambles, and even made illegal actions, and then broke the world system. As soon as that happened then they rushed out to say 'bail us out, bail us out, if you don't bail us out, we're too big to fail, you have to save us'. As soon as that happened, they said 'oh, don't regulate us, we know what to do'. And... the public is standing there, amazed, because we just bailed you out how can you be paying yourself billions of dollars of bonuses again? And the bankers say, 'well we deserve it, what's your problem'? And the problem that the Occupy Wall Street and other protesters have is: you don't deserve it, you nearly broke the system, you gamed the economy, you're paying mega fines, yet you're still in the White House you're going to the state dinners, you're paying yourself huge bonuses, what kind of system is this?
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About Jeffrey Sachs
Jeffrey David Sachs (born November 5, 1954) is an American economist, academic, public policy analyst and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known as one of the world's leading experts on sustainable development, economic development, international relations and the fight against poverty.
Also Known As
Native Name:
Jeffrey David Sachs
Alternative Names:
Jeffrey D. Sachs
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Professor Jeffery Sachs
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Sachs, Jeffrey
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Additional quotes by Jeffrey Sachs
It’s a terrible blow for the world when countries as rich and talented and stable and well-off as this country doesn’t fulfil the global responsibility...in development aid... If we all did it, we would save millions of lives, we would have all the kids in school. They would be growing up to be productive members of their society, we wouldn’t have the mass refugee movements... Donald Trump’s “America First” foreign policy represents a new and vulgar strain of American exceptionalism... to maintain U.S. military dominance as the core pillar of U.S. foreign policy.
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America is losing its democracy as our politicians trade their votes for campaign contributions from the corporate lobbies. We have a corporatocracy rather than a democracy... The Wall Street Journal... is the leading print mouthpiece for the corporatocracy... America’s corporatocracy is governed by vested interests rather than moral or economic principles.... Americans today by large majorities support public education, Medicare, Social Security, help for the indigent, stronger regulation of the banks, and higher taxation of the rich. The problem is... with the failure of our government to translate American values into American policies.
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