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And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.
James ChanosJPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.
Jamie DimonThe World Bank is the monopoly provider of poverty data and, partly due to a leadership change there, the World Bank's reporting has been heavily on the rosy side since about 2000. The Bank's cultivation of an upbeat picture affords a very interesting lesson in statistics and how you can, depending on which numbers you present and how you present them, create a more positive or more negative impression of the evolution of poverty.
Thomas PoggeAll my life I wanted to be a bank robber. Carry a gun and wear a mask. Now that it's happened I guess I'm just about the best bank robber they ever had. And I sure am happy.
John DillingerAt the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Murray RothbardMoney in the hand is real - coins and bills. The rest I don't believe in, and I don't think I ever did, really. What's a check, after all, but a promise - mine, the bank's. Me, I know, but the bank?
Joanne GreenbergFinance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.
Joseph StiglitzI have been especially fortunate for about 50 years in having two memory banks available-whenever I can't remember something I ask my wife, and thus I am able to draw on this auxiliary memory bank. Moreover, there is a second way In which I get ideas ... I listen carefully to what my wife says, and in this way I often get a good idea. I recommend to ... young people ... that you make a permanent acquisition of an auxiliary memory bank that you can become familiar with and draw upon throughout your lives.
Linus PaulingIf I finance a bank and I know if the bank will get in trouble I will be hit and I will lose money, I will put a price on that.
Jeroen DijsselbloemI was raised by a single mom who had to put herself through school while looking after two kids. And she worked hard every day and made a lot of sacrifices to make sure we got everything we needed. My grandmother, she started off as a secretary in a bank. She never got a college education, even though she was smart as a whip. And she worked her way up to become a vice president of a local bank, but she hit the glass ceiling. She trained people who would end up becoming her bosses during the course of her career.
Barack ObamaI remember when my father passed away, we drove the funeral procession past the bank so he could say one last goodbye. That's how much the bank meant to my father.
Alexi GiannouliasJust like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is going to lend the student to pay the university. So the availability of government-guaranteed student loans has vastly inflated the cost of education, just like it's inflated the cost of housing.
Michael HudsonWhile the river of life glides along smoothly, it remains the same river; only the landscape on either bank seems to change.
Max MullerIf I had a dollar for every time I smiled secretly having you in my mind I think my bank account would show up millions.
Melville Elijah StoneToday, the sun is everywhere, and everything solid is nothing but its own shadow, I know that the real things in life, the things I remember, the things I turn over in my hands, are not houses, bank accounts, prizes or promotions. What I remember is love -- all love -- love of this dirt road, this sunrise, a day by the river, the stranger I met in a cafรฉ. Myself, even, which is the hardest thing of all to love, because love and selfishness are not the same thing. It is easy to be selfish. It is hard to love who I am. No wonder I am surprised if you do.
Jeanette WintersonThis is what class warfare looks like: The Business Roundtable - representing Goldman Sachs, Bank of America, JP Morgan Chase and others - has called on Congress to raise the eligibility age of Social Security and Medicare to 70, cut Social Security and veterans' COLAs, raise taxes on working families and cut taxes for the largest corporations in America.
Bernie SandersIt doesn't serve an American interest. It really doesn't really serve Israeli interests - it serves the interests of the political party that's getting the votes of the settlers on the West Bank.
Chris MatthewsThe real power is not corporate; it is private. They choose not to have a name. It is a dynasty of banking families - Rothschild and Rockefeller being two - that operate chiefly out of London, in the boardrooms out of the city of London and the Bank of England, which they own.
Betty DodsonI'd worked on leprosy and malaria in India [at the World Bank] and asked myself the question: Why do we let 2 million children die every year around the world for not having clean water? Because they're faceless and nameless. So, for me, Facebook looked like it was going to solve the problem of the invisible victim.
Sheryl SandbergI don't have much of an imagination, but I have a mind bank of details, which I play with. It's how I daydream, so writing like that is natural for me.
Sefi AttaI would never commit the positively anti-social action of robbing a bank, or worse still, working in one.
Gilbert K. ChestertonThere, carried high on a bank of clouds, hovers a shape, a triangle in the sky. This is the Holy Mountain Athos, station of a faith where all the years have stopped.
Robert ByronIt is raining DNA outside. On the bank of the Oxford canal at the bottom of my garden is a large willow tree, and it is pumping downy seeds into the air. ... spreading DNA whose coded characters spell out specific instructions for building willow trees that will shed a new generation of downy seeds. ... It is raining instructions out there; it's raining programs; it's raining tree-growing, fluff-spreading, algorithms. That is not a metaphor, it is the plain truth. It couldn't be any plainer if it were raining floppy discs.
Richard DawkinsThe law courts must appear as a threatening gesture toward secret vice. The bank must declare: here your money is secure and well looked after by honest people.
Adolf LoosThe relation of eugenics to British psychiatry bears examination. The primary controlling body for psychiatry in England is the British National Association for Mental Health (NAMH), formed in 1944, and initially run by the mentally unstable Montagu Norman, previously of the Bank of England. The group originally met at Norman's London home, where he and Nazi Economics Minister Hjalmar Schacht had met in the 1930s to arrange financing for Hitler.
Jim KeithOurs is a government of checks and balances. The Mafia and crooked businessmen make out checks, and the politicians and other compromised officials improve their bank balances.
Steve AllenIn some of the Israeli media, but not all, they read about very nasty things done by Israeli settlers and soldiers to Palestinian Arabs. This is a pain in the neck for many Israelis. They say: Leave us alone, what can we do about it? Or they say: Look at Syria, look at Iraq, the West Bank is paradise by comparison. I was one of the first to say, shortly after the Six-Day War, that occupation is corrupting. It corrupts the occupier and, in a different way, it corrupts the occupied.
Amos OzThe most agreeable thing in life is worthy accomplishment. It is not possible that the idle tramp is as contented as the farmers along the road who own their own farms, and whose credit is good at the bank in town. When the tramps get together at night, they abuse the farmers, but do not get as much satisfaction out of it as do the farmers who abuse the tramps. The sounder your argument, the more satisfaction you get out of it.
E. W. HoweYou donโt have to sleep with prostitutes or take drugs in order to have a relationship with organized crime. They affect our bank accounts. They affect our communications, our pension funds. They even affect the food that we eat and our governments.
Misha GlennyBerlin is still a very edgy place, a very cosmopolitan place. It's a place where completely different ideas and cultures come together and clash in a very warm way. In a very warm-hearted way. It's a very young city. It's a vibrant city. It's an exciting city. It's a city that's also scarred by history. I think that's to be celebrated and graffiti is to be celebrated. Graffiti in Berlin is very different than when they spray something on the wall dividing the west bank and Israel. And should be treated as such in Berlin.
Ian BremmerFrom the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned.
William E. GladstoneI try to collect money and I keep it in a special place called the bank. I collect a bunch of things called money, dollar bills, and I keep them in a safe under my bed.
Jake M. JohnsonA lot of these things have hurt the average American. When they look at the banks and they say, "Well, the bank's talking its own game," I am telling you, what we've done in mortgage lending, our inability to have proper regulations around mortgages, has hurt average Americans. First-time buyers, immigrant buyers, prior defaults, self-employed, because they can't get a mortgage. Will it make a big difference to JPMorgan Chase? No, but you're hurting my fellow citizens. Let's go at it, and let's fix it.
Jamie DimonIf you do not see great riches in your imagination, you will never see them in your bank balance.
Napoleon HillBarclays Bank in England purchased bankrupt Lehman Brothers Tuesday along with its Manhattan tower, saving nine thousand jobs. It's humiliating. The United States of America is 232 years old and we're having to go to mom for money.
Argus HamiltonThe slave labors, but with no cheer - it is not the road to respectability, it will honor him with no citizens' trust, it brings no bread to his family, no grain to his garner, no leisure in after-days, no books or papers to his children. It opens no school-house door, builds no church, rears for him no factory, lays no keel, fills no bank, earns no acres. With sweat and toil and ignorance he consumes his life, to pour the earnings into channels from which he does no drink, into hands that never honor him. But perpetually rob and often torment.
Henry Ward BeecherI want to eradicate poverty. I think that theres a tremendous passion for that inside the World Bank.
Jim Yong KimComing from having absolutely nothing to having a few grand in the bank, it was a big culture leap. I think that's why I went off the rails a bit really, 'cause there was no training for it. They didn't do fame in schools.
Craig CharlesOf time you would make a stream upon whose bank you would sit and watch its flowing. Yet the timeless in you is aware of life's timelessness, And knows that 'yesterday is but today's memory and tomorrow is today's dream.
Khalil GibranPeople tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
Michael HudsonI've got my eye on a few things to spend my money on. I've got my own bank card but I am really good with money. I don't spend too much at all.
Justin BieberWeirdly enough, the best thing that ever happened to black people in the last twenty or thirty years was the O.J. Simpson verdict because it shut down the white guilt bank. And white guilt has never led to anything good. It's brought us spiraling crime rates, mostly with black victims, and a permanent underclass living in public housing projects. For years, liberals cried that "law and order" and "welfare reform" were racist code words.
Ann CoulterOne time I was on the road with clients with an investment bank, and they thought it would be fun to go to a strip club. It was the most barren thing I've ever seen - this poor woman had nothing on and they were throwing quarters at her.
Melanne VerveerMoney doesn't mean anything to me. I've made a lot of money, but I want to enjoy life and not stress myself building my bank account. I give lots away and live simply, mostly out of a suitcase in hotels. We all know that good health is much more important.
Keanu ReevesThe fact that there could be an ISIS West Bank, the fact that the Palestinian government in Gaza doesn't even acknowledge Israel's right to exist, the fact of constant terror, delegitimization campaigns in the Palestinian schools, these are all much bigger facts. And for the Barack Obama administration to focus on this one fact, almost, not to the expense, but to diminish some of the others which are much more important, is to cast all the blame on Israel and to take the U.N. policy toward Israel, which has been longstanding, and sort of surrender to it.
David Brooks