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What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.
Jeroen Dijsselbloem'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. SwindollAdmittedly, having a bit of disposable cash in the bank can give you a sense of Buddhistic calm, and despite the fallacy involved, that's probably preferable to the bonafide adventure of robbing a bank. A better alternative, however, is to learn to be at peace even when common sense (a highly overrated virtue) would lead you to believe that someone in your situation ought to feel threatened and insecure.
Tom RobbinsThe Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931 at the latest had it not been that the Federal Reserve followed a policy which led to bank failures, widespread bank failures, and led to a reduction in the quantity of money.
Milton FriedmanBeliefs constitute the basic stratum, that which lies deepest, in the architecture of our life. By them we live, and by the same token we rarely think of them.... One may symbolize the individual life as a bank of issue. The bank lives on the credit of a gold reserve which is rarely seen, which lies at the bottom of metal coffers hidden in the vaults of the building. The most elementary caution will suggest that from time to time the effective condition of these guaranties--of these credences, one might say, that are the basis of credit--be passed in review.
Jose Ortega y GassetI 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 CainA system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
Ron PaulTo a bystander like me, those who made 190 million pounds deliberately underselling the shares of HBOS, in spite of its very strong capital base, and drove it into the bosom of Lloyds TSB Bank, are clearly bank robbers and asset strippers.
John SentamuMoney 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 GreenbergThe clouds roll on. Silent as sleepwalkers the clouds keep coming from infinity bank behind bank and line after line, and change colors on the earth.
Rolf JacobsenAfter I began to make some money, my brain-damaged accountant put me in one business after another that went bad. The only one that panned out was a small bank, an old Scottish firm with London offices in Pall Mall. I was a director. We sold out to a larger bank. That was the only successful venture I've had, apart from acting.
Sean ConneryIf 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 DijsselbloemJust 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 HudsonPart of the concept of the euro zone was to establish a common market. The banks were going to bank across all their countries like we bank across states. But that concept got killed for a whole bunch of reasons that I won't get into. That was a good concept, by the way. It may yet return, because there are huge economies of scale in banking. That's another thing people don't quite get.
Jamie DimonIf you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
John Maynard KeynesI've spent hundreds of thousands of pounds on the very best security and I can assure you my homes are as safe as the Bank of England.
Simon CowellThis 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 SandersIsrael should withdraw from all the areas which it won from the Arabs in 1967, and in particular Israel should withdraw completely from the Golan Heights, from south Lebanon and from the West Bank.
Nelson MandelaI am aware that my name has been connected with all the bank robberies in the country; but positively I had nothing to do with any one of them. I look upon my life since the war as a blank, and will never say anything to make it appear otherwise.
Cole YoungerThe financial collapse of 2008 got its start with predatory mortgages, that werenโt sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.
Elizabeth WarrenI would never commit the positively anti-social action of robbing a bank, or worse still, working in one.
Gilbert K. ChestertonWhat, did you think," she asked, laughing as he struggled up the bank, "that I, a Gaulish maiden, could not swim?" "I did not think anything about it," Malchus said; "I saw you pushed in and followed without thinking at all." Although they imperfectly understood each other's words the meaning was clear; the girl put her hand on his shoulder and looked frankly up in his face. "I thank you," she said, "just the same as if you had saved my life. You meant to do so, and it was very good of you, a great chief of this army, to hazard your life for a Gaulish maiden. Clotilde will never forget.
G.A. HentyOnce 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 ConyersWe have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.
Paul HawkenOn one level, going bust didn't bother me. It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My mates weren't bothered. My dad was in business.. he knew that it happened, too. He loaned me the money to bail me out, and I got a loan from the bank to pay him back.
Simon CowellI 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 BransonThe 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 ShipleyAmerican families cannot compete with billionaires. Our involvement in government should not be dependent on our bank account balances
Harry ReidAnd as a matter of fact, governments don't act, governments only react. The bankers make the decisions, and then governments decide how are we going to adjust to this. Government can't do anything unless the bank gives them the money to do it.
Robert Anton WilsonWhen I learnt, however, that in 1911 there had been twenty-one regular feminist periodicals in Britain, that there was a feminist book shop, a woman's press, and a woman's bank run by and for women, I could no longer accept that the reason I knew almost nothing about women of the past was because there were so few of them, and they had done so little.
Dale SpenderExperience burned into me the conviction that access to education ought to be based on how much you are willing to learn and how hard you are willing to work, not on how many dollars your family has in their bank account.
Dave ObeyBy happy chance we saw A twofold image: on a grassy bank A snow-white ram, and in the crystal flood Another and the same!
William WordsworthJust between you and me, shouldnโt the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... Iโve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.
Lawrence SummersI don't know of any other form of life that gathers up all the food it needs in the first two-thirds of its life in order to do nothing in its last third of life. In a utopian presentist society, instead of working extra hard to put money in the bank, you'd be working to provide value for the people around you.
Douglas RushkoffIt is vital that the World Bank Group continually challenges itself to refresh our development thinking. It is vital that a modernized multilateralism be open to new ideas.
Robert ZoellickThere will never be a good time, financially, to get married, unless you're Shaq or Ray Romano. But somehow people manage. If your man is using money as an excuse not to marry you, it's your relationship that's insecure, not his bank account.
Greg BehrendtIf I was a gold-digger, I would have a lot of money in my bank account. I'd be worth millions and millions.
Heather MillsBerlin 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 BremmerThe 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 VonnegutBeing a [bank] director is like being a pilot of an aircraft - it's years of boredom and seconds of terror.
Moira JohnstonYou start to become successful, and everybody starts to drive your money train to the bank, and they're not thinking anymore about what you want as an artist or if any of that even matters to you. It genuinely upsets people in my life that I don't care about money, and that's not my problem.
Lady GagaThe offing was barred by a black bank of clouds, and the tranquil water-way leading to the uttermost ends of the earth flowed somber under an overcast sky--seemed to lead into the heart of an immense darkness.
Joseph ConradThe real metric of success isn't the size of your bank account. It's the number of lives in whom you might be able to make a positive difference.
Naveen JainI 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 ButlerIsraelis are wrong in not looking for a change in the relationship with the United States that would put it more in perspective - that we are the great power, they are the minor power. I don't think there are a great many American parents who will want to sacrifice their soldiers and children so Israel can maintain the West Bank. When that becomes clear, I think Israel's days are numbered as an ally that is never questioned or criticized.
Michael Scheuer