You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.

Summary

This quote emphasizes the danger of allowing bank holding companies to engage in high-risk activities like hedge fund investments. The speaker argues that it is unfair and illogical to subject the pensions of ordinary individuals, such as bus drivers like Joe Schmo, to the same level of risk as wealthy individuals like George Soros. The quote points out the need for differentiating risk appetite based on the scale and significance of the funds at stake, which the speaker finds fundamentally absurd.

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