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" There isn't a bank in the world that could withstand a run. They all borrow short and lend long, regardless of what they say. "
Wilbur Ross
Short
They Say
World
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" I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners. "
Wilbur Ross
Serious
I See
Myself
" The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside. So there's a conceptual flaw in that, one of many conceptual flaws in NAFTA. "
Wilbur Ross
Flaws
Inside
Trade
" Enforcement is a very important part of the administration strategy. We think that even our friendly nations should live by the rules, and if they don't, we will intend to enforce things against them. "
Wilbur Ross
Strategy
Important
Live
" If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America. "
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Class
Want
America
" China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice. "
Wilbur Ross
Country
Talk
Free
" Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things. "
Wilbur Ross
Things
Banking
World
" The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets. "
Wilbur Ross
Strange
Company
Good
" China is the world's biggest exporter, but they're also the people with one of the highest tariffs on imports in the whole world. That seems a little bit oxymoronic. "
Wilbur Ross
Seems
People
Little
" I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? "
Wilbur Ross
Grow
Business
Think
" The fact that you're successful doesn't mean that you can't relate to working people. "
Wilbur Ross
People
Successful
Working
" There are deep value opportunities in insurance stocks, which were beaten down because of their exposure to the subprime crisis, annuities, and commercial real estate. "
Wilbur Ross
Deep
Value
Real Estate
" The E.U., China, and Japan all talk free trade, and they all practice protectionism. "
Wilbur Ross
Talk
Practice
Free
" I believe in the two-party system. "
Wilbur Ross
Believe
I Believe
I Believe In
" We're in a trade war. We've been in a trade war for decades. That's why we have the deficit. "
Wilbur Ross
Deficit
Trade
War
" The way we'll get more jobs is by creating new industries, new companies, businesses that are higher tech and therefore can compete. "
Wilbur Ross
Creating
Way
More
" Part of the reason why I'm supporting Trump is that I think we need a more radical, new approach to government - at least in the U.S. - from what we've had before. "
Wilbur Ross
Need
Why
Reason
" I think there's a big difference between the impact of trade agreements on corporate America and the impact on Mr. and Mrs. America. Corporate America has adjusted to them by investing lots of capital offshore... What we're doing is we're exporting jobs and importing products instead of exporting products and keeping jobs. "
Wilbur Ross
America
Trade
Think
" We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank. "
Wilbur Ross
Work
Live
Long
" There's trade, there's sensible trade, and there's dumb trade. "
Wilbur Ross
Sensible
Dumb
Trade
" Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going to be increase American exports. Get rid of some of the tariff and non-tariff barriers to American exports. "
Wilbur Ross
Last
Negotiation
Real
" We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs, a great amount of closed manufacturing businesses. We don't want that to continue. "
Wilbur Ross
Great
Know
Loss
" We are the world's biggest importer. We need to treat the other countries as good suppliers. "
Wilbur Ross
Good
Biggest
Other
" Shale gas, if left to flourish, could create several hundred thousand more jobs. "
Wilbur Ross
Gas
Thousand
More
" Hillary Clinton can't tell a good trade deal from bad one. "
Wilbur Ross
Bad One
Bad
Trade
" The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue. "
Wilbur Ross
Country
Trade
United States
" I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable. "
Wilbur Ross
Need
Worry
Think
" I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries. "
Wilbur Ross
Think
Will
Benefits
" The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost. "
Wilbur Ross
Currency
Country
Back
" NAFTA is an ancient treaty. "
Wilbur Ross
NAFTA
Treaty
Ancient
" It's important to have a sound idea, but the really important thing is the implementation. "
Wilbur Ross
Sound
Important
Implementation