Best quotes by Andrew Ross Sorkin on Money

Checkout quotes by Andrew Ross Sorkin on Money

• ‟ 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.

  - Andrew Ross Sorkin
  

• ‟ There's a good argument to be made that companies that are private, where they're run by partnerships, where everybody has true stake in them and they're not playing with other people's money, that by default it's a safer system, because you really have skin in the game. You really own the company.

  - Andrew Ross Sorkin
  

• ‟ When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?

  - Andrew Ross Sorkin
  

• ‟ TARP became so politicized that having money from it was almost like a scarlet letter. There were debates over compensation, worry that the rules were going to get changed. All the banks were desperately rushing to get that money back as soon as possible - in part, so they could pay themselves bonuses without any government restrictions.

  - Andrew Ross Sorkin
  

• ‟ One of Obama's first major acts as president was to sign the American Recovery and Reinvestment Act, and some of the money in that bill went to Saft.

  - Andrew Ross Sorkin