bank

“My bosses, in both cases, they called me in and said, you know, we can't really promote white males anymore. Because we don't have enough diversity, and we just got in trouble.”

“Banks go illiquid before they go insolvent, and insurance companies go insolvent before they go illiquid”

“I will always be a little paranoid and insist that we finance all we do from our own earnings. It seems to me that's the only way to control your own destiny. The banks can't take away your business if you don't owe them any money. So we carry no long-term deb…”

“And precisely because of regulatory capture, the banks have kept our government from doing that. They've, the government wanted to, they have something called FedNow, but there's massive pushback in the finance committee in Washington, so it never happens.”