Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs. (Paul Krugman)

Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.

Paul Krugman

Related topics

capital close impose ones see sound banks jobs

Related quotes

It is not because the truth is too difficult to see that we make mistakes... we make mistakes because the easiest and most comfortable course for us is to seek insight where it accords with our emotions - especially selfish ones.

Aleksandr Solzhenitsyn

A strong argument for the religion of Christ is this - that offences against Charity are about the only ones which men on their death-beds can be made - not to understand - but to feel - as crime.

Edgar Allan Poe

Permanence, perseverance and persistence in spite of all obstacle s, discouragement s, and impossibilities: It is this, that in all things distinguishes the strong soul from the weak.

Thomas Carlyle

Most social acts have to be understood in their setting, and lose meaning if isolated. No error in thinking about social facts is more serious than the failure to see their place and function.

Solomon Asch

Formerly, when religion was strong and science weak, men mistook magic for medicine; now, when science is strong and religion weak, men mistake medicine for magic.

Thomas Szasz