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Matt Taibbi Quotes: 'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
         

'Prop trading' is just a fancy term for banks gambling in the market for their own profit.


Matt Taibbi
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"Matt Taibbi Quotes." Quoteslyfe.com, 2024. Wed. 18 Dec. 2024. <https://www.quoteslyfe.com/quote/Prop-trading-is-just-a-fancy-term-872092>.





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Other quotes of Matt Taibbi


The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.



In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.



Being a wiseass in a groupthink environment is like throwing an egg at a bulldozer.

Being a wiseass in a groupthink environment is like throwing an egg at a bulldozer.



Obviously the commercial news media tries to get you worked up and terrified so you'll buy products that they're advertising.

Obviously the commercial news media tries to get you worked up and terrified so you'll buy products that they're advertising.



I'm a product of an East Coast liberal arts educational system.

I'm a product of an East Coast liberal arts educational system.



Within the cult of Wall Street that forged Mitt Romney, making money justifies any behavior, no matter how venal.

Within the cult of Wall Street that forged Mitt Romney, making money justifies any behavior, no matter how venal.



Mike Huckabee represents something that is either tremendously encouraging or deeply disturbing, depending on your point of view: a marriage of Christian fundamentalism with economic populism.

Mike Huckabee represents something that is either tremendously encouraging or deeply disturbing, depending on your point of view: a marriage of Christian fundamentalism with economic populism.



There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power.

There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power.



Why is JP Morgan getting so much heat? Maybe because it is a massive international crime syndicate.

Why is JP Morgan getting so much heat? Maybe because it is a massive international crime syndicate.



Organized greed always defeats disorganized democracy.

Organized greed always defeats disorganized democracy.





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A life without books is a thirsty life, and one without poetry is...like a life without pictures.

A life without books is a thirsty life, and one without poetry is...like a life without pictures.



New Yorkers are so impersonal if it wasn't for muggings there wouldn't be any contact at all!

New Yorkers are so impersonal if it wasn't for muggings there wouldn't be any contact at all!



If you have a good community behind you and a good family supporting you, then, when the buck stops with you, there is the strength of that community and that family to draw upon.

If you have a good community behind you and a good family supporting you, then, when the buck stops with you, there is the strength of that community and that family to draw upon.



I like to match what I wear to my book jacket - it's a little bit cheesy, but it's my thing.

I like to match what I wear to my book jacket - it's a little bit cheesy, but it's my thing.



When someone holds a knife to your throat it's easy to be scared. It's not hard to imagine what it would be like.

When someone holds a knife to your throat it's easy to be scared. It's not hard to imagine what it would be like.



The rational transparency and beauty of the universe are surely too remarkable to be treated as just happy accidents.

The rational transparency and beauty of the universe are surely too remarkable to be treated as just happy accidents.



I'm a very open and loving person. My whole thing has been "let love rule" since my first album. I'm about unity and peace and God.

I'm a very open and loving person. My whole thing has been "let love rule" since my first album. I'm about unity and peace and God.



Ask yourself: What forms the decisions you make? What is it that gnaws at you? What are your crucible moments?

Ask yourself: What forms the decisions you make? What is it that gnaws at you? What are your crucible moments?



Light is the shadow of God.

Light is the shadow of God.



Parents should be able to develop goals about the type of parents they want to be.

Parents should be able to develop goals about the type of parents they want to be.




Quote Description


This page presents the quote "'Prop trading' is just a fancy term for banks gambling in the market for their own profit.". Author of this quote is Matt Taibbi. This quote is about gambling, trading, fancy, profit, term,.