Andrew Ross Sorkin
Journalist United States 1977–present
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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
If I could only follow one person on Twitter, it would be Heidi Moore. She's a financial journalist at NPR's Marketplace.
Andrew Ross Sorkin
Perhaps the biggest economic shift during Obama's presidency came from a piece of legislation that wasn't sold as such. On March 21, 2010, Congress passed the Affordable Care Act, better known as Obamacare. It was Obama's boldest piece of legislation and the one that will most likely define him.
The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.
Andrew Ross Sorkin
There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.
Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back.
Andrew Ross Sorkin
I have always looked at the world through the prism of money to some degree. If you could follow the money, it explains a lot of things, in all sorts of aspects of the world. You can look at politics through the prism of money. You can look at art through the prism of money. You can look at sports through the prism of money.
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
In many ways, education is a lousy business. Teachers are not normal economic actors; almost all of them work for less money than they might fetch in some other industry, given their skills and advanced degrees.
Andrew Ross Sorkin
In truth, a leader should either apologize, mean it and do something about it - or not apologize at all.
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
Since JPMorgan Chase announced its surprise $2 billion-and-growing trading loss, there have been renewed calls from economists, pundits, and politicians to reinstate the Glass-Steagall Act, a Depression-era law that prevented commercial banks from participating in investment banking activities.