As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism. (Jacob Weisberg)

As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism.

Jacob Weisberg

Related topics

crash disbelief government legitimate less mechanism omission per possible regulation result sin deregulation

Related quotes

'Tis possible, young sir, that some excess Mars youthful judgment and old men's no less; Yet we must take our counsel as we may For (flying years this lesson still convey), 'Tis worst unwisdom to be overwise, And not to use, but still correct one's eyes.
Arthur Hugh Clough
The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.
George Soros
The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbor to say there are twenty gods, or no God. It neither picks my pocket nor breaks my leg.
Thomas Jefferson
If ever the Time should come, when vain & aspiring Men shall possess the highest Seats in Government, our Country will stand in Need of its experienced Patriots to prevent its Ruin.
Samuel Adams
It is imperative to take the initiative, to build firewalls around Alberta, to limit the extent to which an aggressive and hostile federal government can encroach upon legitimate provincial jurisdiction.
Stephen Harper