Mark Haines (1946 – 2011)
Former host of the CNBC show Squawk Box.
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"Let's get back to what I regard as a fundamental issue here. I know it’s politically unpopular, politically incorrect. I know it goes against all of the populist indignation that’s out there right now. But you can’t really, it seems to me, expect that these Wall Street companies are going to be run well by a bunch of people who don’t make more than $250,000."
"It’s just like when the Allies were victorious over Nazi Germany in World War II, when we occupied the country, we left a lot of Nazis in place because they were the ones who made the trains run on time and the bureaucracy function properly, etc. And it was distasteful, but you needed them. And in fact, our experience in Iraq kind of demonstrates the wisdom of that, because in Iraq we replaced the Baathist bureaucrats and the result was chaos. Not to compare Wall Street to Iraq or Nazi Germany, but the point is you need people who know what they’re doing."
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