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The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
Milton FriedmanJPMorgan 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 DimonI was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96.
Herman CainWhat kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
Andrew TobiasAt 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 RothbardHousing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.
Vince CableIf all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.
Robert W. HemphillNow between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.
Gianni AgnelliYou can only afford to be generous if you actually have some money in the bank to give. In the same way, if your only source of love and meaning is your spouse, then anytime he or she fails you, it will not just cause grief but a psychological cataclysm. If, however, you know something of the work of the Spirit in your life, you have enough love "in the bank" to be generous to your spouse even when you are not getting much affection or kindness at the moment.
Timothy KellerLook at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.
Michael HudsonThe government can now delve into personal and private records of individuals even if they cannot be directly connected to a terrorist or foreign government. Bank records, e-mails, library records, even the track of discount cards at grocery stores can be obtained on individuals without establishing any connection to a terrorist before a judge. According to the Los Angeles Times, Al Qaeda uses sophisticated encryption devices freely available on the Internet that cannot be cracked. So the terrorists are safe from cyber-snooping, but we're not.
Molly IvinsPeople who say not to speak ill of the dead are hypocrites, because you can take it ot the bank they're thinking ill.
Nora RobertsToday, 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 WintersonI don't bask in the awards I've won, read my bank statements, I refuse. To me, that's how you start losing the hunger.
QuestloveAnyway, as the old barrelhouse song says, My God, how the money rolled in. Norton must have subscribed to the old Puritan notion that the best way to figure out which folks God favours is by checking their bank acounts.
Stephen KingI 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 AttaDemocracy means doing whatever you want without asking permission of anybody but your boss, your doctor, your lawyer, your landlord, your bank, your city, your state and federal authorities, and your wife and children.
Sam LevensonOnce the violence has ceased, the US should immediately call on the World Bank and other international institutions to convene a donors conference to rebuild Lebanon's shattered infrastructure.
John ConyersAs 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 BillThe serious problems facing the world today will never be solved until women are able to use their full potential on behalf of themselves, their families, and their global and local communities, as the World Bank and others have discovered
Jenny Shipley[The Weather Channel] is the most watched cable channel in America. I'll repeat that. It is the most watched cable channel in America. They were worried about the terrorists immobilizing us, and a portion of our countrymen watch weather. 'Kay, you don't get any more immobile than that... unless you're in a goddamn coma. That means you're saying, "I'd go to the window, but it's too far." If you want to know what the weather is you go to a window and stick your hand out and if you want to know what the temperature is you drive by a bank.
Lewis BlackAristocrats: n. fellows that wear downy hats and clean shirts - guilty of education and suspected of bank accounts.
Ambrose BierceHowever, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.
George SorosJust 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 DaliIf the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us.
Jamie DimonI guided my heap into the heart of Capitol Hill wondering for the first time in fourteen years what I could do to get money besides drive cabs or rob banks. Both occupations had their pros and cons. For instance, bank robbery isn't quite as dangerous as cab driving, but it pays better.
Gary Reilly... in this impersonal world of the nine-digit zip code, credit cards, and numbered bank accounts, in this world of no marriage, late marriage, and remarriage, the operative word in office relationships is 'family.
Lois Wysethe Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.
Noam ChomskyCapital market liberalization includes freeing up deposit and lending rates, opening up the market to foreign banks, and removing restrictions on capital account transactions and bank lending. The focus is on deregulation, not on finding the right regulatory structure.
Joseph StiglitzThe Great Depression was going on, so that the station and the streets teemed with homeless people, just as they do today. The newspapers were full of stories of worker layoffs and farm foreclosures and bank failures, just as they are today. All that has changed, in my opinion, is that, thanks to television, we can hide a Great Depression. We may even be hiding a Third World War.
Kurt VonnegutI understand politicos gotta make bank. But cloistering with the Hollywood elite is not how you prove you're a man of the people.
John RidleyLet us not forget the East Bank of the (River) Jordan, where seventy per cent of the inhabitants belong to the Palestinian nation.
George HabashHey, 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 PoehlerIf the corrupt Jordanian monarchy were overthrown, it would be the ideal opportunity to solve the Israeli-Palestinian conflict, because the West Bank and Jordan could then be united. There is already a Palestinian majority in Jordan, and there is enough room for everyone there. That would be the best revolution I could imagine.
Tom SegevFortunately, America remains a robust democracy, where most individuals are not afraid to speak out. What we have done in Iraq has, however, compromised out standing as an advocate of basic human rights - the prime minister of one country responding to criticism of America for its human rights put it, it was liking having Dracula guard the blood bank. The loss of America's moral standing has been one of the great losses of this war.
Joseph StiglitzEveryone has options. They are a fixed set of predetermined scenarios, points of view, perceived limitations that already reside in your data bank. If you depend on your options to formulate your future, that future will be no more than a rearrangement of your past. Then he says, โPossibilities are completely different. When you ask โwhat is possible?โ you must stretch your imagination out of the confines of the familiar. To live a life beyond the mediocre, ask not โwhat are my options?โ but โWhat is possible?โ
Nicholas LoreWho would want to break into [the music business]? It's like a bank that's already been robbed.
Randy NewmanJust as bank tellers need a thorough knowledge of legitimate currency in order to spot counterfeit bills, so Christians need a thorough knowledge of the Bible in order to spot bogus religious teachings. How grounded are you in the Scriptures? How deep are your theological roots? How capable are you of detecting false teachings?
Charles R. SwindollI don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.
Jamie DimonBank 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 HudsonThe World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.
Arundhati RoyA 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