Popular quotes about Banks! Wisdom and inspiration are here! | page 13
Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.
Jamie DimonThe same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
Warren BuffettBanks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Daniel KahnemanThe best stock a man can invest in, is the stock of a farm; the best shares are plow shares; and the best banks are the fertile banks of a rural stream; the more these are broken the better dividends they pay.
Henry Ward BeecherI'm all in favor of banks that play their part in community endeavors, private individuals looking for loans, people who want to start up a little business, and that's what banks are for.
Ian AndersonThere's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another.
Milton FriedmanDodd-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 RomneyRepublican leaders have made clear they have no plans to use the power of government to stimulate the economy, invest in job creation and spur job growth. The Fed's plan is to give banks more money to finance the private sector job creation. But banks have ample cash now; they aren't lending, and the private sector is not creating the jobs. That is why we have 15 million people unemployed.
Dennis KucinichBanks 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 KingWithout giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Jim RogersHerman Cain answered the Wall Street protesters, and he had a message for these protesters. He said, 'If you don't have a job, if you're not rich, don't blame Wall Street, don't blame the banks, blame yourself.' And a nation of out of work teabaggers said, 'Yeah! Hey, wait a minute.'
Bill MaherBanks properly established and conducted are highly useful to the business of the country, and will doubtless continue to exist in the States so long as they conform to their laws and are found to be safe and beneficial.
Martin Van BurenWe were at the stage where in a very short period of time, one of the world's biggest banks would have to shut the door and switch off the electricity.
Alistair DarlingTake 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 ChomskyA Montana statue holds that a river has a right to overwhelm its banks and inundate its floodplain. Well, that's interesting, because it's not a right that we assign to the river. The river has earned it through centuries of deluging and shaping the floodplain, and the floodplain has a right to its rampaging river. They've earned their rights through a kind of reciprocal action.
Daniel KemmisWhen 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 "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent.
Michael HudsonEvening 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 SteinbeckWhen I said "the pocket of the banks," it is not necessarily a mercenary relationship. It is a mindset.
Joseph StiglitzWhen I first decided to open a restaurant, I was turned down by several banks. It was the late 80's and many restaurants were failing. I refused to give up because I knew I had a good concept.
Emeril LagasseMathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.
Michael HudsonThe fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
James SurowieckiOne day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.
Ludwig von MisesAs 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 BerryIn the same way that banks succeeded at privatizing the profits and socializing the losses as they led the global economy to the brink of collapse, we are in danger of doing the same with the environment. Humanity has taken a huge leap in the last decades and become a planetary-scale force - we need to behave as a global civilization if we are not to face catastrophic consequences.
Felix DoddsRivers must have been the guides which conducted the footsteps of the first travelers. They are the constant lure, when they flow by our doors, to distant enterprise and adventure, and, by a natural impulse, the dwellers on their banks will at length accompany their currents to the lowlands of the globe, or explore at their invitation the interior of continents.
Henry David ThoreauInvestment 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 CableWhy do I have an issue with banks? They have their greedy fingers in everyones money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
Jonathan RaymondThe powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.
Carroll QuigleySegregations, by which I mean people living in a certain area, was a planned system. It was made that way. And what you have is a system in which people are there to be exploited. They're right there waiting for it. A community of people who've been denied wealth, denied wealth-building opportunities, are right there. And the banks went right after them.
Ta-Nehisi CoatesEveryone from Adam Smith, John Stewart Mill, they were all reforms. What they wanted to reform was getting rid of this parasitic landlord class that had conquered England in 1066 and it's the heirs of the military warlords who ended up taking the land and making everybody pay them and all of their descendants just for having been conquered. You can see the carry-over of this today. The rent that people have to pay, the money they have to pay the banks instead of having a public option. That's the price they still have to pay for being conquered.
Michael HudsonIf investments in banks fall, it is a tragedy, and people say, 'What are we going to do?' but if people die of hunger, have nothing to eat or suffer from poor health, that's nothing.
Pope FrancisTax the rich. End the wars. Break the power of lobbies in Washington. These are the demands of Occupy Wall Street. They are very important. The US corporations dominate Washington. The big oil companies, Wall Street banks and the military-industrial complex - they rule this country and their influence and power has to be broken.
Jeffrey SachsIn housing you have jingle mail and you can walk away and leave the bank holding the bag. In the case of student loans, the debt follows you through life, and the banks or government will turn it over to collection agencies that are not very nice people and can do all sorts of harassing things to you. It's becoming a nightmare.
Michael HudsonGovernance 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 ChatterjeeI enjoyed being what I was in radio, which some thought of as a shock jock although, to this day, I still can't figure out what I've done that's so shocking. As to my favorite interviews, I loved having my mother and father on. I also enjoyed talking to Elmo, who's a puppet. I found T.I.'s trying to be extra-cool very endearing. Tyra Banks was not the diva I expected her to be. I loved talking to her. And Simon Cowell is a really nice guy. Yeah! He's my fave, and he's handsome.
Wendy WilliamsWe are facing a flood tide of factors into our daily lives and the lives of our children that conspire against weight control, and for that matter, health, any single policy or program we use to turn the tide is like a single sandbag. You put down the sandbag on the banks of the river. You could ask the question: Have we held back the flood? A sandbag isn't designed to hold back the flood. A sandbag is designed to be part of a levy to hold back the flood. It doesn't matter if it's a good sandbag, maybe a perfectly good sandbag. By itself it can't fix the problem.
David KatzThe only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.
Robert ReichTo have some parts flowing free again . . . with deer grazing on its banks . . . ducks and geese raising their young in the backwaters . . . eddies and twists and turns for canoeists . . . and fishing opportunities such as Lewis and Clark enjoyed . . . would be the finest possible tribute to the men of the Expedition, and a priceless gift for our children.
Stephen AmbroseI hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.
Earl WarrenThe banks should give a full, fair, and accurate account of their financial positions and they are failing that test.
Kevin WarshIf [Donald Trump] doesn't make sure that all the foreign government payments - and this includes banks and other corporations owned by foreign governments and sovereign wealth funds, that all of that money is not out of the Trump organization by Friday [20 Jan.2017], when he takes the oath, he will be in violation of "The Constitution."
Reince PriebusAt its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions all good things
Peter DiamandisGoldman 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