My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury.
Tags: old, crisis, rules, best

Other Quotes by "Steve Bannon"

I think that most people in the Middle East, at least 50%, believe in being sharia-compliant. If you're sharia-compliant or want to impose sharia law, the United States is the wrong place for you.
Tags: think, believe, people, you
There is voter fraud. I know there is voter fraud.
Tags: voter, voter-fraud, fraud, know
That's one of the unintended consequences of the women's liberation movement - that, in fact, the women that would lead this country would be feminine, they would be pro-family, they would have husbands, they would love their children.
Tags: country, children, women, love
I want China to stop appropriating our technology. China is, through forced technology transfer and through stealing our technology, but really forced technology transfer, is cutting out the beating heart of American innovation.
Tags: innovation, stop, heart, technology
What I find shocking is that there's this thought process that Hillary Clinton is going to be president of the United States, and to even think of Donald Trump is a joke.
Tags: donald-trump, joke, process, think
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