Popular quotes about Banks! Wisdom and inspiration are here! | page 13
What is the system? It revolves around the banks, the system is built on the power of the banks, so it can be destroyed through the banks.
Eric CantonaIn a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.
Hyman MinskyI mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function.
Arthur LafferYou 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 KeiserIf the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.
Hyman MinskyHillary Clinton trashes the banks every time she opens her mouth, and yet she made $21 million in two years making speeches to those very banks that she trashes every day.
Rush LimbaughBanks and churches and courtrooms all depend on the appurtenances of theatre. On illusion. Banks, the illusion of stability and honourable dealings to the rot and corruption of capitalist exploitation. Churches the illusion of sacred sanctuary of purposes of pacifying social discontent. Courtrooms of course designed to promote the illusion of solemn justice. If there was true justice why would such trappings be necessary? Wouldn't a table and chairs and an ordinary room serve just as well?
E. L. DoctorowDodd-Frank was passed. ... This is the biggest kiss that's been given to New York banks I've ever seen. This is an enormous boon for them. There've been 122 community and small banks have closed since Dodd- Frank. ... I would repeal and replace it.
Mitt RomneyCritics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the people. After the financial crisis, Americans have perceived that the banks have been bailed out, but a significant proportion of the population is still in serious economic trouble.
Gerald EpsteinI am persuaded that the people of the world have no grievances, one against the other. The hopes and desires of a man who tills the soil are about the same whether he lives on the banks of the Colorado or on the banks of the Danube.
Lyndon B. JohnsonWhat central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
Milton FriedmanThe major studios are by and large banks, and they give you what is by and large a loan to make a movie. Like banks, they want their money back plus.
Sean PennBanks have a new image. Now you have 'a friend,' your friendly banker. If the banks are so friendly, how come they chain down the pens?
Alan KingWhat'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 want to break up the Wall Street banks. Hillary Clinton doesn't. I want to raise the minimum wage to 15 bucks an hour. She wants $12 an hour. I voted against the War in Iraq. She voted for the War in Iraq. I believe we should ban fracking. She does not. I believe we should have tax on carbon and deal aggressively with climate change. That is not her position.
Bernie SandersFar below ran the silver ribbon of the East River, braceleted by shining bridges, flecked by boats as small as flyspecks, splitting the shining banks of light that were Manhattan and Brooklyn on either side.
Cassandra ClareThe central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
Milton FriedmanThe problem of dealing with the financial industry is being addressed today. You can measure it with interest rates coming down. You can measure it with the quantity of loans, and that sort of thing. The problem is, that nobody wants to take the loans. Once the banks are willing to give it, that's only half the problem.
Michael BloombergThey like to take all this money from sin, build big universities to study in, sing Amazing Grace all the way to the Swiss banks.
Bob DylanYou'll have to have the governments sell off all of their public domains; sell off their railroads, sell off their public land. You'll essentially have to introduce neo-feudalism. You'll have to roll the clock of history back a thousand years, and reduce the European population to debt slavery. It's as simple a solution as the Eurozone has imposed on Greece. And it's a solution that the leaders and the banks are urging for responsible economists to promote for the population at large.
Michael HudsonTake a look at the current debates in Washington, and of course, everything in the media. Only one issue is discussed: the deficit - the least significant issue, but the most significant issue for the banks. The big problem, joblessness, is barely discussed, even though that's what the public wants, as polls clearly show. That's even what the business press supports, but the financial institutions are so powerful that the only issue is the deficit, and this runs right through the intellectual culture.
Noam ChomskyEvening of a hot day started the little wind to moving among the leaves. The shade climbed up the hills toward the top. On the sand banks the rabbits sat as quietly as little gray, sculptured stones.
John SteinbeckBanks lend by creating credit. They create the means of payment out of nothing.
Ralph George HawtreyNorth Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We're a banking state, and we're proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses.
Kay HaganIn the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.
Marc FaberAs I have read the Gospels over the years, the belief has grown in me that Christ did not come to found an organized religion but came instead to found an unorganized one. He seems to have come to carry religion out of the temples into the fields and sheep pastures, onto the roadsides and the banks of the rivers, into the houses of sinners and publicans, into the town and the wilderness, toward the membership of all that is here. Well, you can read and see what you think.
Wendell BerryThere are men who practice Titiksha, and succeed in it. There are men who sleep on the banks of the Ganga in the midsummer sun of India, and in winter float in the waters of the Ganga for a whole day; they do not care. Men sit in the snow of the Himalayas, and do not care to wear any garment. What is heat? What is cold? Let things come and go, what is that to me, I am not the body.
Swami VivekanandaMy family has spent 400 years farming on the banks of the Rio Grande. We know the value of hard work, love of the community, love for water and land.
Ken SalazarAn interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside.
Mariana MazzucatoDon't blame Wall Street. Don't blame the big banks. If you don't have a job and you're not rich, blame yourself!
Herman CainWe need to remind politicians they don't work for the big banks - they work for us.
Elizabeth WarrenInvestment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional activities as banks try to rebuild their balance sheets.
Vince CableI love the way I make hip-hop and I refuse to make pop-rap. I don't refuse to make mainstream music, which is why I did a soul record. There was no reason why soul music couldn't get played on the radio and I still wanted to have a relationship with my record label. So, I really enjoyed doing the Strickland Banks album. But there's no point in my trying to release underground hip-hop music on a major label. That part of my talent, or part of my art, had to live somewhere else and feature film was the perfect vehicle for it.
Ben DrewThe bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.
Michael HudsonHave a goal in life. When water is everywhere, it is a flood, but if it is in between banks, it is a river. It is nice to have a goal, so your life force gets channelized!
Sri Sri Ravi ShankarIโm dazzled by your facility. In ten days youโll have written six stories! I donโt understand itโฆ Iโm like one of those old aqueducts: thereโs so much rubbish cogging up the banks of my thought that it flows slowly, and only spills from the end of my pen drop by drop.
Gustave FlaubertI rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes.
will.i.amI am afraid the ordinary citizen will not like to be told that the banks can, and do, create money...And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people.
Reginald McKennaGovernance is complex, difficult, and on the whole, thankless - why ever should the Bright Young Things leave the management of their hotels, newspapers, banks, TV channels and corporations to join, like fleas on a behemoth, the government? Wherein lies the difference between the two worlds?
Upamanyu ChatterjeeDay was breaking at Plashwater Weir Mill Lock. Stars were yet visible, but there was dull light in the east that was not the light of night. The moon had gone down, and a mist crept along the banks of the river, seen through which the trees were the ghosts of trees, and the water was the ghost of water. This earth looked spectral, and so did the pale stars: while the cold eastern glare, expressionless as to heat or colour, with the eye of the firmament quenched, might have been likened to the stare of the dead.
Charles DickensThe Taj Mahal rises above the banks of the river like a solitary tear suspended on the cheek of time.
Rabindranath TagoreWhen we accept all of life's contradictions, when we can comfortably flow between the banks of pleasure and pain, experiencing them both while getting stuck in neither, then we are free.
Deepak ChopraI think we're in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the policy, clean up.
Michael HudsonGoldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis.
Max Keiser