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Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.
John Kenneth GalbraithA government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.
Ian MacfarlaneThe director of the institute where I was working apologized about these young, enthusiastic researchers when the World Bank visited because he was afraid the institute would lose the World Bank consultancies.I went back home and started the Research Foundation for Science, Technology, and Ecologyยan extremely elaborate name for the tiny institute that I started in my motherยs cow shed. My parents handed over family resources and said, ยPut them to public purpose.ย Thatยs how I survived.
Vandana ShivaIn the past when money was given from government to government, there was no accountability, especially the World Bank loans. Nobody was held accountable for the misuse of World Bank loans. That is why it is important to channel some of the money through civil society groups.
George W. BushWhat 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 TobiasThe Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.
Vladimir PutinSarah, I want to ask thee a solemn question. Did thee ever one single time have thy Bank book balance and thy own check book balance agree exactly? Do not tell, but I never did. Hannah Whitall Smith, Sarah, I want to ask thee a solemn question. Did thee ever one single time have thy Bank book balance and thy own check book balance agree exactly? Do not tell, but I never did.
Hannah Whitall SmithA 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 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 JacobsenI don't use a debit card. The safest thing is a credit card because you're using the bank's money. If someone accesses your information, they are stealing the bank's money, not yours.
Frank AbagnaleI 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 PaulingYou'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 DimonWe didn't win the Cold War, we were just a big bank that bankrupted a smaller bank because we had an arms race that wiped the Russians out.
Norman MailerFog 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 EhrlichToday, 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 WintersonIt turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank.
John George NicolayHe picked up the letter Q and hurled it into a distant privet bush where it hit a young rabbit. The rabbit hurtled off in terror and didnโt stop till it was set upon and eaten by a fox which choked on one of its bones and died on the bank of a stream which subsequently washed it away. During the following weeks Ford Perfect swallowed his pride and struck up a relationship with a girl who had been a personnel officer on Golgafrincham, and he was terribly upset when she suddenly passed away as a result of drinking water from a pool that had been polluted by the body of a dead fox.
Douglas AdamsIf you ask around, it's pretty easy to find someone who has a bank account overdraft horror story to tell.
Carolyn MaloneyGoldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.
David IckeMost banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.
Michael HudsonQuantitative easing is just the latest chapter in the Federal Reserveโs hundred-year history of failure. (...) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed.
Ron PaulThe auditorium, named after a dead Queens politician is windowless in honor of the secrecy in which he lived and, probably, the bank vaults he frequented.
Jimmy BreslinI had no idea of the size of my bank account as a teen, and I didn't care to know. That was my mom's job, I figured that I would just find out when I turned 18. If you can't trust your mom, then who can you trust?
Anna ChlumskyThere were colored and white waiting rooms everywhere, from doctor's offices to the bus stations, as people may already know. But there were actually colored windows at the post office in, for example, Pensacola, Florida. And there were white and colored telephone booths in Oklahoma. And there were separate windows where white people and black people would go to get their license plates in Indianola, Mississippi. And there were even separate tellers to make your deposits at the First National Bank in Atlanta.
Isabel WilkersonI pulled into the Grand Union parking lot and drove to the end of the mall where the bank was located. I parked at a safe distance from other cars, exited the BMW, and set the alarm. You want me to stay with the car in case someone's riding around with a bomb in his backseat looking for a place to put it?" Lula asked. Not necessary. Ranger says the car has sensors." Ranger give you a car with bomb sensors? The head of the CIA don't even have a car with bomb sensors. I hear they give him a stick with a mirror on the end of it.
Janet EvanovichIt 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 LoosDogs remember every favor you ever do for them and store those events in a memory bank titled Why My Human Is A God.
Roger EbertIncreasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.
James ChanosWall Street can never be allowed to threaten main street again. No bank can be too big to fail, no executive too powerful to jail.
Hillary ClintonBetween labor and play stands work. A man is a worker if he is personally interested in the job which society pays him to do; whatfrom the point of view of society is necessary labor is from his point of view voluntary play. Whether a job is to be classified as labor or work depends, not on the job itself, but on the tastes of the individual who undertakes it. The difference does not, for example, coincide with the difference between a manual and a mental job; a gardener or a cobbler may be a worker, a bank clerk a laborer.
W. H. AudenThe problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.
Barack ObamaAs one California winemaker said, "We release no wine before the bank tells us that its ready."
Kevin ZralyIn 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 OzI 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 ReillyI rang my friend Jim Wolfensohn, who was then running a private commercial bank in New York. I said, "Come up to Vancouver", and he did. I put my proposition to him. He said, "I think it could work." I said, "Will you help us?" He said, "Yes." So, I set aside senior people in our treasury and they worked with Wolfensohn and the investment sanctions were applied. And that's what brought the regime down. The last South African Finance Minister, Barend du Plessis, went on record as saying that it was the investment sanctions that put the final nail in the coffin of apartheid.
Bob HawkeIn my mid 30's, after a decade or so of giving full time to the music thing and finding myself with about $10 in the bank and no assets other than my musical equipment, I realized I needed to get serious about making a living.
Marc EdwardsThe president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.
Robert FogelIf you do not see great riches in your imagination, you will never see them in your bank balance.
Napoleon HillThe universe is like a giant bank vault lock, where the tumblers are constantly moving and once in a while the tumblers line up and you have to listen for the click. So you must be prepared in that moment to step through the door.
James CameronBe nobody's darling; Be an outcast. Take the contradictions Of your life And wrap around You like a shawl, To parry stones To keep you warm. Watch the people succumb To madness With ample cheer; Let them look askance at you And you askance reply. Be an outcast; Be pleased to walk alone (Uncool) Or line the crowded River beds With other impetuous Fools. Make a merry gathering On the bank Where thousands perished For brave hurt words They said. Be nobody's darling; Be an outcast. Qualified to live Among your dead.
Alice WalkerAvoid greed and fear. These are the investor's Achilles heels. Keeping all your money in the bank earning 3% interest is just as foolish as dumping your entire savings into the market thinking you'll make a quick buck.
Nancy DunnanIs it reasonable to assume that someone who has been locked in a closet for 57 days after being kidnapped and brutalized, raped, abused, then they say you're going to rob a bank?
Patty HearstIf you look at what's happened to the stock market, if you look at what's happened to housing values, if you look at what's happened to bank loan portfolios because the value of their other assets that they've already issued loans against were going down, there was a pretty good argument for trying to pass something at about this level of investment with the divisions as they were - unemployment, food stamps, and tax cuts, aid to education and healthcare, and job creation.
William J. ClintonThe commercialism of yoga, the commercialism of Ayurveda, the commercialism of guru-ism, is difficult. It's difficult because it confuses, it confuses the general populations as to what this is all about, but yet those of us who are trained within a certain tradition, who trained from the ancestral gene bank, so to speak, it is fine, it's not bothersome at all because we must live.
Maya Tiwari