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Saturday 11th of July 2026

Cocks of the walk say There's nobody that has the cash flow that I have. I want to be king of cash.  Donald Trump © 2024 Kwiple.com
COVID-19 coronavirus Top executives at U.S.-traded companies sold a total of roughly $9.2 billion in shares of their own companies between the start of February and the end of last week, a Wall Street Journal analysis shows. The selling saved the executives –including many in the financial industry– potential losses totaling $1.9 billion, according to the analysis, as the S&P 500 stock index plunged about 30% from its peak on Feb. 19 through the close of trading March 20. Wall Street Journal, March 24, 2020 © 2020 Kwiple.com
Democracy  Robinhood easing access to stock trading does not democratise the stock market any more than Purdue Pharma  democratised opioid addiction. Democracy is about voice, not trading. Jerry Davis, University of Michagan professor of sociology and management, quoted by Rana Foroohar, Financial Times, February 7, 2021 © 2021 Kwiple.com
Elites Of the elite corporate professions — law, finance, consultancy — the first two are vilified as ruthless. But only the third is seen as outright bullshit. Janan Ganesh, Financial Times, February 24, 2023 © 2023 Kwiple.com
Global warming “The central message of this report is that US financial regulators must recongize that climate change poses serious emerging risks to the US financial system, and they should move urgently and decisively to measure, understand, and address these risks,” the committee said. Financial Times, September 9, 2020, summarizing a report published by the Commodities Futures Trading Commission, a Wall Street regulator that oversees futures and swaps markets © 2020 Kwiple.com
Globalization Ideas, knowledge, science, hospitality, travel – these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conviently possible, and, above all, let finance be primarily national. John Maynard Keynes, “National Self-Sufficiency” © 2019 Kwiple.com
Greed  If you took the greed out of Wall Street, all you'd have left is the pavement. The problem is the Street's excessive power. Robert B. Reich, The System © 2021 Kwiple.com
Gun sales The arrival of private equity in the AR-15 market would turn a once disdainded product into one of the most controversial and well-known icons of Ameria's culture wars. Cameron McWhirter and Zusha Elinson, Wall Street Journal, September 23-24, 2023 [referring to Cerberus Capital Management, led by Stephen Feinberg, and its subsidiary, Freedom Group, led by George Kollitides II, which captured America's gun industry and made it into one of its most profitable ones by outsourcing to low-cost suppliers and aggressively selling AR-15s to civilians]  © 2023 Kwiple.com
Healthcare Now, the effects of Covid and the promise of more federal spending on health are fuelling investor interest in areas such as psychiatry practices, home healthcare and even hospice care. Dangers lie ahead. “Think about how private equity will make money in something like hospice,” says [Eileen] Appelbaum [of the Center for Economic and Policy Research]. “They'll cut the seasoned staff trained to help families understand and cope with the process of dying, and hire people who might be able to help clean the house.” Welcome to healthcare, American style. Rana Foroohar, Financial Times, April 10, 2022 © 2022 Kwiple.com
Housing During the boom years, IndyMac charged high interest rates (defined by the government as more than 3 percentage points above prime) to 24 percent of its white borrowers, but 36 percent of Hispanics and 43 percent of African Americans. Aaron Glantz, Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream © 2020 Kwiple.com
Income inequality In 2009 the richest twenty-five hedge-fund investors earned more that $25 billion, rougly six times as much as all the chief executives of companies in the S&P 500 stock index combined. Ann Pettifor, The Case for the Green New Deal  © 2019 Kwiple.com
Great Recession Moneyed interests understand that with no second FDR, no incorruptible new cop on the financial beat, no return to the rules that once made banking boring but safe, they have nothing to fear from us, and may do as they please. This is the real tragedy of the Great Recession. Thomas Frank, Pity the Billionaire  © 2019 Kwiple.com
Neoliberalism I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a 400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody. James Carville, 1981 © 2024 Kwiple.com
Political parties They've got a set of Republican waiters  on one side and a set of Democratic waiters on the other side, but no matter which set of waiters brings you the dish, the legislative grub is all prepared in the same Wall Street kitchen. Huey Long, 1932 campaign speech for the reeledtion of Senator Hattie Caraway (D-AR) © 2022 Kwiple.com
Power What we do is behind the scenes. Nobody knows we're there. Bruce Flatt, CEO of Brookfield Asset Management, with a total of $835 billion worth of assets under management in 2023 © 2023 Kwiple.com
Selfie I happen to love financial services. Katie Porter © 2023 Kwiple.com
Selfie I don't want to have to worry about the market every minute. I want models that will make money while I sleep. A pure system without humans interfering. Jim Simons, founder of Renaissance Technologies and its flagship Medallion Fund, based on quantitative analysis © 2019 Kwiple.com
Silicon Valley In 2018, venture capital groups employed 18 black investing partners, representing less than 2 per cent of the industry’s total, according to data compiled by Richard Kerby at Equal Ventures. Even fewer were Latinx, or of Latin American descent. Sequoia Capital, widely viewed as Silicon Valley's marquee venture firm, does not count a single black partner among its ranks. Financial Times, June 20, 2020 © 2020 Kwiple.com
Snapshot In finance, his [UK prime minister Rishi Sunak's] former line of work, everyone is, almost by definition, open to a deal. And once it is negotiated, it is enforceable through the commercial courts. There couldn't be a worse grounding for politics, where neither condition obtains. Here is a world of entrenched positions (whether tribal or philosophical) and no  third party enforcement mechanism for those pragmatic compromises that do get made. No wonder he treats the right as just another market participant seeking terms. He has spent his political career offering half a loaf to people who want the whole boulangerie. Rishi Sunak portrayed by Janan Ganesh © 2023 Kwiple.com
 
State of the union Wall Street is not primarily  a helpmeet to Main Street, as it once was. It’s the tail that wags the dog. Rana Foroohar, Financial Times, February 13, 2022 © 2022 Kwiple.com