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Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.
Bernard Baruch'We really shouldn't look like a church.' I've heard that so much I want to vomit. 'Why?' I ask. 'Do you want your bank to look like a bank? Do you want your doctor's office to look like a doctor's office, or would you prefer your doctor to dress like a clown?'
Charles R. SwindollThe underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
Michael HudsonAll 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 DillingerThe stability of the rate is the main issue and the Central Bank manages to ensure it one way or another. This was finally achieved after the Central Bank switched to a floating national currency exchange rate.
Vladimir PutinI trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.
Kevin MitnickI remember when I was growing up, you would go to a bank to open a deposit, and they'd give you a toaster. A free toaster. These days, if you're a company, and you go to a bank, they could easily turn you away! They don't want your deposits anymore.
Mohamed El-ErianA self is, by its very essence, a being with a past. One must look lengthwise backwards in the stream of time in order to see theself, or its shadow, now moving with the stream, now eddying in the currents from bank to bank of its channel, and now strenuously straining onwards in the pursuit of its chosen good.
Josiah RoyceThe larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.
Hilaire BellocIf 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 DijsselbloemYou've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.
Jamie DimonPrayer is often a temptation to bank on a miracle of God instead of on a moral issue, i.e., it is much easier to ask God to do my work than it is to do it myself. Until we are disciplined properly, we will always be inclined to bank on God's miracles and refuse to do the moral thing ourselves. It is our job, and it will never be done unless we do it.
Oswald ChambersI think it's more normal to make a movie dealing with love, sexual or not, than to make movies about bank robberies, which very rarely happen in real life. So I would say the problem is not what some people feel is normal, I would say the problem is why this whole industry is far more obsessed with filming scenes of dominance, guns, invasion.
Gaspar NoeFog rolled in like a form of sorrow. To live exiled from a place you have known intimately is to experience sensory deprivation. A wide-awake coma. ... The sea was a memory bank into which everything fell and was lost. I dove in but came out empty-handed.
Gretel EhrlichIf you ask around, it's pretty easy to find someone who has a bank account overdraft horror story to tell.
Carolyn MaloneyI think that much of the advice given to young men about saving money is wrong. I never saved a cent until I was forty years old. I invested in myself - in study, in mastering my tools, in preparation. Many a man who is putting a few dollars a week into the bank would do much better to put it into himself.
Henry FordMy parents never had any money. It was cash flow. It flows, and you got your fingers in it for a little while, and it flows away. That's all I know about money. And I don't know, it flows and it's a river, but you can never, ever keep it. As an artist, I can't keep it. But hey, a man who dies with a cent in the bank is a foolish man. So I guess I'm going against the conservators. I'm a spendthrift.
Dan AykroydWhatever you can handle, it's up to you. Pick something where you are going to do it to failure--in other words, where you can hardly do it. That's the key. So many people will just take five pound weights and do something 10 times. What are they getting out of it? Nothing! Say you are going to build up your bank account. If you put in a penny a day, it's going take a long while. It's the same with exercise--the more you put into it the more you take out.
Jack LaLanneAs a good horse is not very apt to jump over a bank, if left to guide himself, I let mine pick his own way.
Buffalo BillI think the thing about capitalism is it's an evil necessity, capitalism. Communism has been tried and failed, and socialism, that doesn't work very well. Capitalism works, but the problem about capitalism is it does mean that a few individuals become very wealthy. Therefore, I think those individuals have enormous responsibility to redistribute that wealth either by creating new businesses or creating new jobs and making sure that money just doesn't lie in a bank account for future generations.
Richard BransonOur enemy is not lack of preparation; itโs not the difficulty of the project or the state of the marketplace or the emptiness of our bank account. The enemy is our chattering brain, which, if we give it so much as a nanosecond, will start producing excuses, alibis, transparent self-justifications and a million reasons why we canโt/shouldnโt/wonโt do what we know we need to do.
Steven PressfieldI protest that we fans are being emotionally starved and frustrated by long periods of perfect performance of these batteries. More over, when there are nothing but strikes and balls going on, you relapse into your worries over the Bank of England, or something else.
Herbert HooverWhen you talk with your mother you are one person; when you go to the bank or you're with your girlfriend you are another person, and that's the way I act. Then for me, it's important that I trust a director and as soon as I do, as soon as I feel comfortable with him, then I pull something out of myself that I didn't even know I had inside of me. That's what I like about this job.
Roland MรธllerThe bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.
Andrew JacksonJust as I am astonished that a bank clerk never eats a cheque, so too am I astonished that no painter before me ever thought of painting a soft watch.
Salvador DaliYou 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 GlennyAny general statement is like a check drawn on a bank. Its value depends on what is there to meet it.
Ezra PoundI 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. JohnsonBeing a [bank] director is like being a pilot of an aircraft - it's years of boredom and seconds of terror.
Moira JohnstonI feel like this thing [that] we're rocking back and forth like we're stuck in a snow bank and we all sort of know it. I feel like people are getting less and less pretentious and less and less hip - hopefully.
Justin VernonHey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done.
Amy PoehlerWhether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.
David RicardoI helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.
Smedley ButlerI've been here for eight years and I'm going into my 13th season. There's nothing I'd have liked better than to retire as a Jet. But the reality is, they released me. My goal now is not to break the bank. I did that twice already with my original contract and a restructuring. It's about winning a championship, and from this point forward, I'm going to go to the team that gives me the best chance to win a Super Bowl.
Kevin MawaeMobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies
Ngozi Okonjo-IwealaThe tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.
Alexander HamiltonThe 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 BrooksBank of America is to sweetheart loans and Democratic Party payoffs as Paula Deen is to sugar and bacon grease.
Michelle MalkinThe fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist before - private for-profit universities that sell junk degrees that don't help the students. They promise the students, "We'll help you get a better job. We'll arrange a loan so that you don't have to pay a penny for this education." Their pet bank gets them the government-guaranteed loan, and the student may get the junk degree, but doesn't get a job, so they don't pay the loan.
Michael HudsonEverything a gay man does makes a political statement. Everything matters: where you bank, where you shop, where you eat. When you hold your loverโs hand in public
Josh LanyonI've never had a bank account in Switzerland since 1984. Why would the Swiss do this to me? Maybe the Swiss are trying to divert attention from the Holocaust gold scandal.
Benazir BhuttoI come from a stupid family. My father worked in a bank. They caught him stealing pens.
Rodney DangerfieldA cozy home is not just a sixty-five thousand dollar house bought from Bank of America. A cozy home is a total consciousness of the two individuals within the framework of the home, and in relationship to the entire surrounding of this planet and beyond this planet. God lives in cozy homes.
Harbhajan Singh Yogi