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When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.
Robert B. AndersonImagine you had a bank that each morning credited your account with $1,440 - with one condition: whatever part of the $1,440 you failed to use during the day would be erased from your account, and no balance would be carried over. What would you do? You'd draw out every cent every day and use it to your best advantage. Well, you do have such a bank, and its name is time. Every morning, this bank credits you with 1,440 minutes. And it writes off as forever lost whatever portion you have failed to invest to good purpose.
Ann LandersIn 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. BushWhen you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.
James RickardsWhen you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people running these banks. They're the chief officers, and they push the loans because they don't care if they go bad. For one thing, they may package these bad loans and sell them off to gullible institutional investors.
Michael HudsonI 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 MitnickAt 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 RothbardA bank in Washington was robbed by two men in George W. Bush masks. Luckily, right afterwards two guys in President Obama masks came and bailed the bank out, so everything is fine.
Conan O'BrienThe mantra of the National Commercial Bank is 'building a better Jamaica.' If this bank is going to be everlastingly successful, it has to take on the ailments of this society.
Michael Lee-ChinYou'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 MailerIf you owe the bank $10,000 you have a problem. If you owe the bank $10,000,000 they have a problem. After all is said and done, more is said than done. Government does not solve problems; it subsidizes them.
Ronald ReaganUnder pressure, people admit to murder, setting fire to the village church or robbing a bank, but never to being bores.
Elsa MaxwellThe Japanese are virtuosos. They make just the little accent that makes all the difference. So much there is so beautiful - just a shop window display is a work of art. Just the way they make all kinds of things out of bamboo that are so ingenious. Just the way this little bamboo drain or latch is so beautiful. The masonry around the streams to hold the bank are beautiful - and not all one kind and not just cement.
Jane JacobsDress suitably in short skirts and sitting boots, leave your jewels and gold wands in the bank, and buy a revolver.
Constance MarkieviczToday, 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 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 MatthewsWhy did I rob banks? Because I enjoyed it. I loved it. I was more alive when I was inside a bank, robbing it, than at any other time in my life. I enjoyed everything about it so much that one or two weeks later I'd be out looking for the next job. But to me the money was the chips, that's all.
Willie SuttonIf you spend your life competing with business men, what do you have? A bank account and ulcers!
Marilyn MonroeDo you know how the naturalist learns all the secrets of the forest, of plants, of birds, of beasts, of reptiles, of fishes, of the rivers and the sea? When he goes into the woods the birds fly before him and he finds none; when he goes to the river bank, the fish and the reptile swim away and leave him alone. His secret is patience; he sits down, and sits still; he is a statue; he is a log.
Henry David ThoreauI am a feral person. I have no bank account. I am unemployable. I own nothing. I lose my shoes sometimes when I go out. It sounds like I'm making a case for my own exceptionalism, which I suppose I am, but I wish it wasn't true.
Tony BurgessI 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 argument that it is difficult to find women is complete BS. Any bank will tell you that the No. 1 employee they lose the most money on is the mid-tier female they bring on when they are 22 who leaves in her mid to late 30s. These are women they spend a ton of money training, and a ton of money attracting and hiring. And then they lose them. And they lose them for many reasons. They're going to other sectors, other industries. So for us in the financial-services world to say we can't find women is ridiculous. They are out there. We've done it here at Anthemis.
Amy NauiokasThe 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 KeithSome people say 'what would happen if we had a Communist Chancellor of the Exchequer?' I would ask in reply, 'what would happen if he had a lot of Fascist or Mosleyite bank chairmen?' In that event it might be thought disadvantageous to have publicity.
Hugh DaltonThe impetus behind going to graduate school was a year after graduating from college spent in Dallas working at the dog food factory and Bank America and not having met success in my chosen field, which at that point was being an actress.
Beth HenleyBelts distract the eye from a bloated tummy, a heavy-set upper body and all manner of sins. They can be a superb way to update your wardrobe without breaking the bank, and there's no reason to stop wearing them, ever!
TwiggyNo investment on earth is so safe, so sure, so certain to enrich its owners as undeveloped realty. I always advise my friends to place their savings in realty near a growing city. There is no such savings bank anywhere.
Grover ClevelandTM in the a.m. and the p.m....20 minutes in the bank, all day in the market place.
Maharishi Mahesh YogiWhy, man of idleness, labor has rocked you in the cradle, and nourished your pampered life; without it, the woven silk and the wool upon your bank would be in the shepherd's fold. For the meanest thing that ministers to human want, save the air of heaven, man is indebted to toil; and even the air, in God's wise ordination, is breathed with labor.
Edwin Hubbel ChapinNature will not let us fret and fume. She does not like our benevolence or our learning much better than she likes our frauds andwars. When we come out of the caucus, or the bank, or the abolition-convention, or the temperance-meeting, or the transcendental club, into the fields and woods, she says to us, "so hot? my little Sir.
Ralph Waldo EmersonI 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 DimonI never had to say to myself, 'OK now, I've got to grow up and work for a bank, or go and sell real estate.' I never had to make that kind of break.
Luke WilsonIf 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 SegevI want to rob a bank with a BB gun. "Give me all your money or I will give you a dimple! I will be rich, you will be cute. We both win."
Mitch HedbergWho would want to break into [the music business]? It's like a bank that's already been robbed.
Randy NewmanIt is astonishing how articulate one can become when alone and raving at a radio. Arguments and counter arguments, rhetoric and bombast flow from one's lips like scurf from the hair of a bank manager.
Stephen FryThe 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 HamiltonI think most artists feel like they're outside society - no matter how many accolades they receive, or how much money is in your bank account, whatever is going on in your life on the professional side.
Aaron RoseI come from a stupid family. My father worked in a bank. They caught him stealing pens.
Rodney DangerfieldRespectability, n. The offspring of a liaison between a bald head and a bank account.
Ambrose Bierce