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And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.
James ChanosThe Koreans that make their money in our community: If we have a Black bank, you'll find they don't deposit anything of what they take from us into a Black bank that would serve our community. They set up a bank in their own community. The Honorable Elijah Muhammad, my Teacher, called people like this "Bloodsuckers of the poor." All they want is to make a dollar, and run.
Louis FarrakhanWhat's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers borrowed money from their banks to place bets that Deutsche Bank stock is going to go down. Now, it's wringing its hands and saying, "Oh the speculators are killing us." But it's Deutsche Bank and the other banks that are providing the money to the speculators to bet on credit.
Michael HudsonI 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 PaulThe most important thing in your life is your health and your body. You can have all the education and you can have millions of dollars in the bank, but if you've got headaches every day, if you're fat and you are out of shape - what good is your money? Your health account and your bank account, build them both up!
Jack LaLanneGlobal central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.
Mark ZandiNow 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 AgnelliWe 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 MailerI think that all people, in some way, have privilege in some way shape or form. I have access to things that others don't, so privilege isn't wrong. But as a believer, we kind of bank on that. We have access to the Father, so we bank on that through the Son, so Christ gave us privilege.
PropagandaToday, 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 WintersonMy pipe business I created from scratch; my media assets and bank I bought from the secondary market.
Victor PinchukYou can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.
Shia LaBeoufQuantitative 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 PaulIsrael is so tiny. It's, you know, a little less than the length of Manhattan, without the West Bank, without Judea and Samaria.
Benjamin NetanyahuIsrael has obviously not liberated the Palestinians in Gaza or the West Bank. We have occupied them, but we have not liberated them.
Amos OzAnytime four New Yorkers get into a cab together without arguing, a bank robbery has just taken place.
Johnny CarsonWhen running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year.
Mitchell ZuckoffThe 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 first thing that is not obvious to people is global warming is a less-than-1% effect. It's like being shortchanged at the bank by a penny every dollar. Over a long period of time with lots of transactions, that piles up.
Nathan MyhrvoldThe 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 KeithThe one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.
Jeff BezosAny move by Israel to end the conflict with the Palestinians by unilateral moves - such as annexing the West Bank, delinking Gaza and declaring that there be no further diplomatic process - will lead to strong regional and global reactions, as well as intensify efforts at the UN and in civil society to brand Israel as an outlaw state dangerous to regional and world peace and guilty of criminal behavior.
Richard A. FalkThe mind is like a river. The thoughts are like the various droplets of water. We are submerged in that water. Stay on the bank and watch your mind.
A. G. MohanJust 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 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 ReillyYou know policy is driven purely in self interest. The Federal Reserve Bank and the commercial banks and the Wall Street banks are not acting in the interests of the population at large, they're acting purely in their own self-interest, which is a shame because they're actions dictate the reality for 300 million Americans. But they don't see it that way, they see it only as a way to preserve their own self-interest.
Max KeiserI 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 RushkoffThe Mole was bewitched, entranced, fascinated. By the side of the river he trotted as one trots, when very small, by the side of a man who holds one spellbound by exciting stories; and when tired at last, he sat on the bank, while the river still chattered on to him, a babbling procession of the best stories in the world, sent from the heart of the earth to be told at last to the insatiable sea.
Kenneth GrahameWhen Christ is my hope, he becomes the one thing in which I have confidence. I act on his wisdom and bank on his grace. I trust his promises and I rely on his presence. And I pursue all the good things that he has promised me simply because I trust him. So, I am not manipulating, controlling, or threatening my way through life to get what I want, because I have found what I want in Christ. He is my hope.
Paul David TrippOur own personal salvation is to say, "I'm not going to judge myself, or let other people judge me, by my economic worth." We can't, obviously, control how other people will judge us, but - Life's too short to worry about those things. We can't control those things, but we can control how we feel about ourselves. And we work towards that. To say, "My life has been a success. Even if my bank account doesn't indicate it."
Neal GablerFrom the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned.
William E. GladstoneI 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. JohnsonCapital 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 StiglitzIf I didn't have to do it, I wouldn't have done it. If I had a million bucks in the bank, I wouldn't have done Playboy.
Claudia ChristianMen who allow their love of power to give them a distorted view of the world are to be found in every asylum: one man will think he is the Governor of the Bank of England, another will think he is the King, and yet another will think he is God. Highly similar delusions, if expressed by educated men in obscure language, lead to professorships of philosophy; and if expressed by emotional men in eloquent language, lead to dictatorships.
Bertrand RussellThe 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 FogelI believe that Christians believe in salvation by grace through faith in Jesus Christ, not by works. And we believe that if you're saved, Jesus becomes your savior. He makes a promise to you. You can trust his promises. You can bank on that word.
Robert H. SchullerIt was Indian summer, a bluebird sort of day as we call it in the north, warm and sunny, without a breath of wind; the water was sky-blue, the shores a bank of solid gold.
Sigurd F. OlsonThis decree is very serious and we will not allow it to pass unopposed. (on Israel offers 10-month West Bank settlement freeze)
Uri OrbachWomen hate revolutions and revolutionists. They like men who are docile, and well-regarded at the bank, and never late at meals.
H. L. MenckenIn 88 poor countries for which we have data, in each and every one of the 88, the PPP for food shows that poor people can buy less food than you would expect from the PPP that the World Bank is using. The reason for this is obvious on reflection. It has to do with the fact that most foodstuffs are tradable commodities: basic foodstuffs, such as rice, flour and beans, can easily be conveyed across national borders and their prices will therefore roughly mirror the exchange rates among currencies.
Thomas Pogge