Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.
My impression of Wall Street growing up was certainly that it was like the big, bad place where all of the men did the bad things with our money.
After ‘Don’t Play Us Cheap,’ I got very busy with theater and Wall Street.
On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.
The single most remarkable (and revealing) fact of the Obama presidency may very well be the lack of a single prosecution of Wall Street executives for the massive fraud that precipitated the 2008 financial crisis.
By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
The Tea Party grew out of indignation over the Wall Street bailout – an indignation shared by the vast majority of Americans. But the Tea Party ended up directing its ire at government rather than at big business and Wall Street.
For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public.
Wall Street is not the right career for everyone or for every woman. That is clear. But it can’t be wrong for every woman. A big job in a trading house can’t only be the head of Human Resources or chief operating officer in charge of overhead.
After I finished college, I got a job on Wall Street as a derivatives trader, but after a couple years of it, I was calling in sick in order to work on my novel.
When Occupy Wall Street happened, I took my money out of Citibank. I already had problems with all the banks – Citibank, Bank of America – but I was kind of just too lazy to take my money out until I saw how Citibank responded to Occupy Wall Street.
In a world where distrust of Wall Street has never been higher, we’re holding ourselves to a different standard. We also know that if we don’t stay really genuine to that, it’s very easy for this to sound incredibly disingenuous.
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That’s one reason why you get so many credit card offers.
Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation.
If I looked good in ‘Wolf of Wall Street,’ I cannot take full credit; it was because of the hair extensions and makeup.
In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation – and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has been the money center of the world.
My actual statement during the campaign was I want to be the sheriff of Wall Street, Albany and Main Street. I’m going to go after crime and corruption, wherever it is.
I never realized that growing up in Brooklyn, flying jets, working on Wall Street and starring in a sci-fi series was the prerequisite for the fast-paced demands of talk radio. But, if that’s what it takes to succeed, I’m glad I did it all.
I will always fight for peace. But, unfortunately, it is war that drives us forward. It is war that makes the major turns. It makes Wall Street function; it makes all the bastards in the Balkans function.
Wall Street, like every industry, has good and bad players.
Wall Street apparently takes and then forgets, and then comes after the guns of law-abiding American citizens and small businesses.
I believe in humanitarian capitalism, and there are good people on Wall Street.
‘The Big Short’ is, among other things, a blistering, detailed indictment of the way Wall Street does business, and its particular villains are the investment banks.
I don’t come from an artistic family, so I didn’t know what theater was. I was working on Wall Street in the ’90s, and I went to see ‘Appointment With a High-Wire Lady’ at Ensemble Studio Theatre, and it affected me so deeply. It changed everything I thought about the arts. I quit banking and became an actor.
Years ago, as I was beginning my professional career on Wall Street, I volunteered as a Big Brother in New York City.
Don’t forget that Rupert Murdoch has always regarded the Op Ed pages of ‘The Wall Street Journal’ – as he’s said to me – as a cup of strong caffeine that gets you going in the morning and tells you what to think.
Every Republican’s voted for it. Look at what they value and look at their budget and what they’re proposing. Romney wants to let the – he said in the first 100 days he’s going to let the big banks once again write their own rules – unchain Wall Street. They’re gonna put y’all back in chains.
I was a kiddie pool attendant, and I was a white rapper. That’s not going to get you a job on Wall Street.
My best decision was to choose to go to Wall Street over law. I learned a lot and focused on the expanding software industry at a time when the independent software industry was just beginning.
Every president needs to deal with the permanent government of the country, and the permanent government of the country is Wall Street oligarchs and corporate plutocrats and the questions becomes what is the relationship between that president and Wall Street.
Franklin D. Roosevelt was fortunate: He didn’t take office until nearly four years after the Wall Street crash, by which time the Republicans’ responsibility for the Depression was taken for granted.
What you’re seeing with Occupy Wall Street and the others are people who are unhappy and they’re directing their unhappiness now toward Wall Street and toward those they think are doing too well in our society.
I never liked the trucking business. I did not intend to spend time in the trucking business. I was a professional, I wore a suit everyday. I was going into law school, or Wall Street or to get my MBA. That’s where my head was at.
I’m for the Wall Street Occupiers. But will they accept me when they find out I sell packaged mortgage default instruments to children?
During the 2005 Bush tax holiday, corporations didn’t bring back the billions they stashed overseas to build new factories, increase wages, or create more jobs. The lion’s share of that windfall went to CEO raises and stock buybacks for investors on Wall Street.
Appeasing Wall Street is to be expected from the GOP who do little to hide their true intentions and their defense of the wealthiest financial institutions and interests.
I grew up in Northern California on the peninsula. It was a beautiful house, but it was very traditional. It wasn’t midcentury modern. I’m talking 1970s, early ’80s – design didn’t even go ‘Wall Street’ until, like, 1986.
Wall Street wants to keep its schemes too complicated to understand so that the roulette wheel can keep turning.
You must make some decisions Wall Street dislikes.
The Roosevelt enactment of Social Security was a moral revolution in our country: We were assured that we would never reach the very depths of poverty. And to be told, that we are now going to gamble it, on Wall Street, is nonsense!
Newt Gingrich is a boastful kind of guy. But when it comes to Wall Street, the former House speaker is surprisingly modest.
I think that the S.E.C. has been pretty feckless when it comes to reigning in reckless behavior on Wall Street.
The basic problem is for a congressman or a president to get elected, they need obscene amounts of money. And the only place you can get obscene amounts of money is from Wall Street and the big corporations who benefit from shipping our jobs and our factories overseas – that’s the fundamental political problem.
I think this Occupy Wall Street thing is great. I think that is a good thing and that people need to stand up, voice their opinions, and be heard.
Same way we have enough money to bail out Wall Street, we need to put a down payment on Main Street.
We also cannot allow Wall Street banks to rewrite the Second Amendment just because they’re too big to fail.
After working for 14 years on Wall Street and growing up in a family with strong roots in small business, I know how important the entrepreneurial spirit is to attaining the American dream.
Food Stamp recipients didn’t cause the financial crisis; recklessness on Wall Street did.
In the same way that Occupy Wall Street forever elevated that concept of income inequality, the Black Lives Matter protesters have elevated the idea of inequity in policing as it relates to minority communities.
On Wall Street, the industry in which I grew up, a culture in which ‘my word is my bond’ shifted over the past few decades toward one where the big print can say ‘Free’ while the small print gives the real costs.
To get our economy back on track and keep it functioning properly without the problems of our financial institutions, we need reasonable regulations that will protect Main Street while at the same time allow Wall Street to do what it does best – make money for American investors.
