Popular quotes about Banks! Wisdom and inspiration are here!
We [US government] have used our taxpayer dollars not only to subsidize these banks but also to subsidize the creditors of those banks and the equity holders in those banks. We could have talked about forcing those investors to take some serious hits on their risky dealings. The idea that taxpayer dollars go in first rather than last - after the equity has been used up - is shocking.
Elizabeth WarrenGet out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that's a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back by taking a hard look at whom they do business with and rethinking whether they want tricks-and-traps banks to hold their money. They can also demand that public officials take the side of families over the side of banks.
Elizabeth WarrenSome banks wonโt make it. Other banks are going to make sure that we strengthen. All deposits are going to be safe for ordinary people, but weโre going to have to bring out some of these bad assets.
Barack ObamaCan you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.
Warren BuffettCritics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the people. After the financial crisis, Americans have perceived that the banks have been bailed out, but a significant proportion of the population is still in serious economic trouble.
Gerald EpsteinRepublican leaders have made clear they have no plans to use the power of government to stimulate the economy, invest in job creation and spur job growth. The Fed's plan is to give banks more money to finance the private sector job creation. But banks have ample cash now; they aren't lending, and the private sector is not creating the jobs. That is why we have 15 million people unemployed.
Dennis KucinichI have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.
Henry PaulsonAmong the largest banks, the capital ratios remain good and I donโt expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
Ben BernankeThe myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.
Michael HudsonWe've been following many forms of democratized ownership, starting with co-ops, land banks at the neighborhood level, municipal ownership and state ownership of banks - there's a whole series of these that attempt to fill the small-scale infrastructure that can build up to a larger theoretical vision.
Gar AlperovitzThere are few things in politics more annoying than the Right's utter conviction that it owns the patent on the word 'freedom' that when its leaders stand up for the rights of banks to be unregulated or capital gains to be untaxed, that it is actually and obviously standing up for human liberty, the noblest cause of them all.
Thomas FrankTh' newspaper does ivrything f'r us. It runs th' polis foorce an' th' banks, commands th' milishy, controls th' ligislachure, baptizes th' young, marries th' foolish, comforts th' afflicted, afflicts th' comfortable, buries th' dead an' roasts thim aftherward.
Finley Peter DunneI was interested in this relationship between the armed robber and the banker who were from different worlds but had similar goals. It was kind of a metaphor for this larger marriage of the banks selling off their debt and these street guys scrapping over it.
Jake HalpernOnce you begin to talk about wealth inequality, especially as it relates to corporations and big banks, or engage in an indictment of U.S. foreign policy, you are really getting at the center of a society that is very fearful of that kind of critique.
Cornel WestI am a Black revolutionary woman, and because of this i have been charged with and accused of every alleged crime in which a woman was believed to have participated. The alleged crimes in which only men were supposedly involved, i have been accused of planning. They have plastered pictures alleged to be me in post offices, airports, hotels, police cars, subways, banks, television, and newspapers. They have offered . rewards for my capture and they have issued orders to shoot on sight and shoot to kill.
Assata ShakurWell, "The Washington post" three weeks ago had this investigation and they said that President Obama has now raised more money from Wall Street and the banks for this election cycle than all - than all eight Republicans combined. I don't want to say that, because if that's the truth, that Wall Street already has their man and his name is Barack Obama, then we've got a much bigger problem.
Michael MooreThere is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long.
George SorosThis is the twilight of the banks. It would be a more cheerful spectacle if we could envision the dawn of the institutions that will replace them
Martin MayerWelcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.
Llewellyn RockwellRush Limbaugh has answered - it's the rich liberals who own the banks and run the government, and of course run the media, and they don't care about you - they just want to give everything away to illegal immigrants and gays and communists and so on.
Noam ChomskyI stalk about her door, like a strange soul upon the Stygian banks staying for waftage.
William ShakespeareEvening of a hot day started the little wind to moving among the leaves. The shade climbed up the hills toward the top. On the sand banks the rabbits sat as quietly as little gray, sculptured stones.
John SteinbeckBanks lend by creating credit. They create the means of payment out of nothing.
Ralph George HawtreyHaving wallowed in a delightful orgy of anti-French sentiment, having deplored and applauded the villains themselves, having relished the foibles of bankers, railwaymen, diplomats, and police, the public was now ready to see its faith restored in the basic soundness of banks, railroads, government, and police.
Michael CrichtonWe are seeing pioneers moving out to the Internet, banks that are taking transactions, retail shopping on the Internet, and although it's going to take most of a decade before most adults are turning to the Internet for a high percentage of their act
Bill GatesWe now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a systemic risk.
Hillary ClintonThe States should be urged to concede to the General Government, with a saving of chartered rights, the exclusive power of establishing banks of discount for paper.
Thomas JeffersonEvery Republicanโs voted for it. Look at what they value and look at their budget and what theyโre proposing. Romney wants to let the โ he said in the first 100 days heโs going to let the big banks once again write their own rules โ unchain Wall Street. Theyโre gonna put you all back in chains.
Joe BidenIf there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.
Carmen ReinhartFaith is a homely, private capital; as there are public savings-banks and poor funds, out of which in times of want we can relieve the necessities of individuals, so here the faithful take their coin in peace.
Johann Wolfgang von GoetheI think changing the Democratic Party platform [at the convention] is a great place to start. It should include expanding Social Security, a $15 minimum wage, and breaking up too-big-to-fail banks on Wall Street - among other Sanders priorities.
Ben WiklerWhy do I have an issue with banks? They have their greedy fingers in everyones money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
Jonathan RaymondSegregations, by which I mean people living in a certain area, was a planned system. It was made that way. And what you have is a system in which people are there to be exploited. They're right there waiting for it. A community of people who've been denied wealth, denied wealth-building opportunities, are right there. And the banks went right after them.
Ta-Nehisi CoatesThe stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.
David StockmanI have the unique liberty as part of the Green Party that operates on the same terms. We have the ability to actually speak for everyday Americans. We are not controlled by major donors, by the influence of big banks, by fossil fuel giants, by war profiteers or insurance companies.
Jill SteinI'll tell you where the injustice is. It's with the person earning ยฃ12,000 to ยฃ15,000-a-year who is being asked to be restrained by their business or employer. Yet the taxpayer has bailed out the banks, so why are they not showing restraint?
Prince AndrewThere are some things, but not too many, toward which the countryman knows he must be properly respectful if he would avoid pain, sickness and injury. Nature is neither punitive nor solicitous, but she has thorns and fangs as wells as bowers and grassy banks.
Hal BorlandBefore the arrival of the Credit Union, people who were from the poor background or a working class background couldn't borrow from banks.
John HumeThe life in us is like the water in the river. It may rise this year higher than man has ever known it, and flood the parched uplands; even this may be the eventful year, which will drown out all our muskrats. It was not always dry land where we dwell. I see far inland the banks where the stream anciently washed, before science began to record its freshets.
Henry David ThoreauThe lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
Stephen S. RoachLeft to herself, nature is always more or less civilized, and delights in a certain refinement; but where the axe has encroached upon the edge of the forest, the dead and unsightly limbs of the pine, which she had concealed with green banks of verdure, are exposed to sight.
Henry David ThoreauWhen you have three out of the four largest banks in America today, bigger than they were - significantly bigger than when we bailed them out because they were too big to fail, I think if Teddy Roosevelt were alive today, a good Republican by the way, what he would say is: Break them up; they are too powerful economically; they are too powerful politically.
Hillary ClintonI hold all idea of regulating the currency to be an absurdity; the very terms of regulating the currency and managing the currency I look upon to be an absurdity; the currency should regulate itself; it must be regulated by the trade and commerce of the world; I would neither allow the Bank of England nor any private banks to have what is called the management of the currency.
Richard Cobden