Eliot Spitzer Quotations | Page 2

I think the investment community, consumers, the investment houses themselves are anxious to get resolution here, ... So the faster we can fill that void and get closure on this, the better.

Late-day trading is like being permitted to bet on yesterday's horse races, ... You already know who's going to win.

Risk is inherent in the market, ... We all understand that and we thrive on that; what we don't tolerate is fraud.

Restitution I have almost always believed is best handled through individual arbitration or litigation where individual investors, if they believe they have relied upon improper advice rendered by Merrill Lynch or anybody else, can file that claim, ... That is the best forum for those issues to be resolved.

Representative Baker is an embarrassment. He is wrong on the issue of enforceability, ... His response to our settlement is explained by his failure to grasp the issues at hand and his failure to do anything to protect small investors.

People like Eliot because he's a fighter, not a quitter, ... If Mr. Weld thinks Eliot was too tough on corporate crooks, he is out of touch. If he thinks New Yorkers want a patsy for governor, he's wrong.

State law specifically prohibits possession of stun guns and related weapons, ... This agreement will help ensure that the Internet is not used to facilitate illegal activity.

State and local regulators are the officials with the closest contact with the regulated community, ... Given their close intimate knowledge of the business they regulate, they are in a much better position than Congress to judge whether a particular small business is deserving of leniency for a first-time violation.

Somehow the vitality of New York state has been sapped.

My office will take all reasonable steps to ensure that the ill-gotten gains of those who engage in this conduct are returned to investors, that wrongdoers are held responsible, and that the appropriate reforms are implemented to halt this egregious activity,

My office, while committed to working with the Securities and Exchange Commission in our investigation of the mutual fund industry, will not be party to settlements that fail to protect the interests of investors and let the industry off with little more than a slap on the wrist,

I strongly urge all retailers to heed the warnings issued about these products, pull them from distribution immediately, and ship them back to Sony.

The American public no longer has confidence in Wall Street and we've got to change that,

Who might or might not be my opponent on the other side of the aisle, I'll just wait and see how it plays out,

who might not understand the ways of Wall Street.

While the company has acknowledged allowing some improper market timing, the full extent of the problem at Seligman has not been disclosed to investors,

We believe this is a crucial next step in revealing what was improper and getting money back to shareholders who lost money,

Understanding what the framers meant can help us. But alone it cannot be enough.

We are disappointed that the court has taken an unduly narrow view of its power and obligation to decide cases that come before it, ... Because the science is clear that global warming poses a real and inevitable environmental threat with grave human consequences, we will appeal this decision and continue to work on other fronts to demand action on this critical problem.

The only delay, ... is that when you are dealing with 50 states, 12 investment banks, a significant number of regulatory entities, simply getting sign-offs, drafting agreements on stray words takes a bit of time.

Today's case demonstrates that the corrupt practices first laid bare in the Marsh suit are present in additional sectors of the industry, ... Secret payoffs and conflicts of interest that infected the market for property and casualty insurance have taken root in the employee benefits market as well.

Today's agreement between Putnam and the SEC provides some preliminary measures to address certain of the issues raised in the actions filed against Putnam. However, these measures represent only a starting point for needed industry reforms in fund governance and oversight and do not address crucial issues involving restitution to fund holders, fines and penalties,

Today President Bush acknowledged that conflicts of interest by securities analysts are a major problem, but he did not articulate a solution,

We would not permit this type of conduct in connection with the sale of cars or washing machines. It is simply unconscionable that it occurred with a critical medical device.

There has been a decline in ethics and we've got to turn it around,

We need to be vigilant to protect our children, ... It is imperative that parents, industry, prosecutors and lawmakers all work together to identify and address possible threats, and that we teach our children to protect themselves from those who would do them harm.

First, before any bids were submitted, the defendants determined which insurance company would win the business. Second, they set a 'target' for the winner to submit as its bid,

The great advantage of the Internet is that it helps consumers compare products and prices, ... Our action in this case helps ensure that consumers will have the ability to do just that.

The public expects and deserves the protection that effective government oversight provides. Until the Bush administration shows it is willing to do the job, however, it appears the public will have to rely on state regulators and lawmakers to protect its interests,

This was a travesty, a violation of the public trust and it is something that Freddy Ferrer would not have permitted. That is money that could go into schools, into housing.

We will use every tool available to pursue fraud against the New York Medicaid program wherever it occurs, ... The criminal and civil sanctions imposed on Heritage and Arnold demonstrate our continuing efforts to prosecute fully any crimes we uncover and return misappropriated funds to the State.

When I read it my blood began to boil again. It drove home how crass that whole system was.

Warner Music has illegally provided radio stations with financial benefits to obtain airplay and boost the chart position of its songs, ... abandon the industry-wide practice of providing radio stations and their employees with financial incentives and promotional items in exchange for airplay.

Concealment of negative facts that might influence a consumer to purchase another manufacturer's product is the essence of fraud.

Doctors should have access to all scientifically sound information so that they can prescribe appropriate medication for their patients,

Federated worked with regulators to address problems with improper trading, ... With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed.

Federated worked with regulators to address problems with improper trading,

Every time we keep a child from smoking, we improve public health.

The Toxics Release Inventory has been extremely successful in raising public awareness about chemical hazards in communities from coast to coast. Public disclosure has proven to be a strong incentive for polluters to reduce their use of toxic chemicals.

They acknowledged the problem of market timing, but then allowed a favored client to engage in that harmful practice. The departure of these board members should sound an alarm for all those who serve in similar capacities.

The word 'fraud' will be in some of the documents that are the settlement documents, ... I believe very deeply that at its root what was going on with the analysts and the investment bankers was probably the largest fraud ever committed upon the investing public.

These are very senior executives within the Marsh hierarchy, ... Not only was it wrong, it was harmful to the economy ... There is simply no responsible argument in favor of rigging bids, stifling competition and cheating.

These applications are deceptive and unfair to consumers, bad for businesses that rely on efficient networks to do their jobs and bad for online retailers that need consumers to trust and enjoy their online experience.

It would be misguided and foolish to do so, ... It would undermine public confidence in the markets because states have historically played a critical role in restoring creditability to the marketplace.

These bonuses, and the minimum 'save' rates accompanying them, had the effect of employees not honoring cancellations, or otherwise making cancellation unduly difficult for consumers, ... This agreement helps ensure that AOL will strive to keep its customers through quality service, not stealth retention programs.

These directors clearly failed to protect the interest of investors,

The standards for ballot access in New York State apply equally to all candidates seeking a given political nomination, ... In other words, all similarly situated are treated equally.

I've made it eminently clear, anyone who walks away will be sued, ... It will take me 10 minutes to sign a complaint, we'll be in court.

Proponents cleverly wrapped the word reform around the amendment, ... But calling a mule a thoroughbred doesn't make it one.

acting as a good corporate citizen, ... did the right thing. We asked them to create a filter to stop this kind of thing and they have done so.

Any doctor keeps a list of possible remedies available.

As founders of a company that bore their names, Mr. Pilgrim and Mr. Baxter should have set an example of integrity and fair play, ... Instead, they were at the center of improper conduct that deceived and harmed their clients.

As oil and gas prices hit record levels and the impacts of global warming become more apparent, it is profoundly disappointing that the federal government has failed to adopt these crucial energy saving standards,

AIG was and is a solid company that didn't need to cheat. It finds itself in this position solely because some senior managers thought it was acceptable to deceive the investing public and regulators.

This is an enormous victory over the concerted efforts by the Bush administration to dismantle the Clean Air Act.

This is not an insult. This is a statement of the harsh reality of the economic data that people should look at.

This is somebody who knows how to stand up to you and me -- who knows how to push back against special interests, who knows how to stand up when matters of ethics and integrity come to the fore,

This does have, for me, a particular emotional experience.

This agreement should be a wake-up call to all those in the entertainment industry who think outrageousness is a clever marketing strategy,

This agreement sends a message that intrusive and deceptive practices will not be tolerated,

This agreement helps ensure that AOL will strive to keep its customers through quality service, not stealth retention programs,

They may change their view but I will not at this point in time, ... We will win this case.

There will always be apologists for the powerful and politically connected who commit crimes.

It's fascinating to me: when it comes to innovation in policy, it all comes from the states, ... It reflects an abject failure of policy (at the national level) in terms of dealing with energy, the environment or the securities industry. And into that void, the states have stepped.

It's a scandal that is still unfolding, ... many criminal and civil cases that will be announced in the months to come.

It's about making sure retail investors get a fair shake, ... The one thing they deserve is honest advice and fair dealing.

It is the Democratic Party historically that created the middle class,

It is unacceptable that more than three weeks after this serious vulnerability was revealed, these same CDs are still on shelves, during the busiest shopping days of the year,

It's going to be big dollars and it should be big dollars,

That laid out where we felt they failed to abide by statutory deadlines,

The best advice for New Yorkers and donors everywhere is to direct their donations only to organizations that they know and trust,

The agreement we have today is the first of its kind, ... We think this is an agreement that can be a template for others to use.

New York needs open access to emergency contraception.

Not a word has come out of the White House about maybe there being a structural problem in the insurance industry,

These two officials basically had one job to do and that was to ensure that the weight of the jockeys was recorded accurately and then disclosed to bettors, ... Instead, they misled the public and compromised the integrity of races run by NYRA.

As a citizen, and as the state's lawyer, I believe in an evolving Constitution. A flexible Constitution leaves room for us to consider not merely how the world once was, but how it ought to be.

Artists, especially new artists and lesser known artists who did not have major backing, should find a more open environment to have their music heard and hopefully succeed,

Every time we turn over a rock in the mutual fund industry these days, we are seeing vermin crawl out that are appalling: Late trading; timing by those in the executive boardroom; billions of dollars being scraped off that should be going into the pockets of investors instead ending up in the hands of the executives,

I hope to continue the great tradition that you have created for us in this state of leadership in Albany.

Investors know that what was going on on the Street with analysts was wrong, was corrupt and had to be changed, ... The smart business leaders are changing their ways. Those who are putting their heads in the sand are saying, 'Let's get rid of the cops who watch to make sure things get done honestly.'

Internet cigarette traffickers are increasingly using the federal mail system to distribute their wares,

I certainly think that there's a very serious question about the economic viability of the Freedom Tower. The prospect that the Freedom Tower would be built and would sit there vacant as essentially a white elephant that would sap the entire cash available to build the other buildings, is something that is very problematic.

I believe my office's efforts to educate the public are having a positive effect. We are seeing a larger percentage of charitable donations raised going to support charitable programs.

He believes what he says, and that's what is important. People have gotten into trouble because they were intentionally misstating what they knew.

The truth, ... is that Microsoft has been a monopolist found by a federal judge to have undercut innovation and hence competition and consumer welfare.

These indictments are part of a continuing effort to hold individuals accountable for bid rigging and other illegal activities that defrauded insurance clients,

This has nothing to do with that, ... If the feds begin to do what they need to do, the relative role of the state agencies would diminish. Nothing I've said means that we wouldn't do all our cases over again.

The evidence in this case speaks for itself, ... Top managers knew market timing was harming buy-and-hold investors but they condoned and facilitated it because it was a lucrative source of management fee revenues.

A lot of major songs have been implicated in this.

The CEO was personally bought off by being given IPO allocations, ... Small investors were left holding the bag.

The directors are supposed to be the stewards of their shareholders' investments, but too often act at the behest of the advisory and management companies that run the funds' day-to-day operations,

The leadership of that company is not a leadership I will talk to and not a leadership I will negotiate with.