Popular quotes about Banks! Wisdom and inspiration are here! | page 13
Political scientists don't work at banks which is a problem. As political issues become more important for the markets, analysts at banks are asked all sorts of questions they don't have the ability to answer. And if you're getting paid to answer questions as analysts at banks are you never want to be in the position of saying you don't know.
Ian BremmerOn the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence. But I can't blame [the Republicans]. This wasn't something they forced me into. I really believed that given the level of oversight of banks and their ability to have more patient capital, if you made it possible for [banks] to go into the investment banking business as continental European investment banks could always do, that it might give us a more stable source of long-term investment.
William J. ClintonBefore the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.
Noam ChomskyThe same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
Warren BuffettTemporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.
Joseph StiglitzBanks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Daniel KahnemanThe financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.
Daniele NouyOur whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.
John AdamsWe've been following many forms of democratized ownership, starting with co-ops, land banks at the neighborhood level, municipal ownership and state ownership of banks - there's a whole series of these that attempt to fill the small-scale infrastructure that can build up to a larger theoretical vision.
Gar AlperovitzThis is the joint responsibility of everyone who was involved in the introduction of the euro without understanding the consequences. When the euro was introduced, the regulators allowed banks to buy unlimited amounts of government bonds without setting aside any equity capital. And the European Central Bank discounted all government bonds on equal terms. So commercial banks found it advantageous to accumulate the bonds of the weaker countries to earn a few extra basis points.
George SorosRegulators are a backstop: they don't own banks. The governance at the top of our leading banks has been shown to be lamentably weak. No one at the top of Barclays will take responsibility for systemic abuse.
Vince CableCapping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
Jamie DimonMy mother was being hounded by a debt collector over a debt that she didn't owe, and she eventually just paid it because she wanted the calls to stop. I was very surprised. It sounded so strange. I started poking around on the internet and found this was extremely common. There was this world where these debts were sold off by the banks for pennies on the dollar and bought and sold.
Jake HalpernMost 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 HudsonThe continuity of life is never broken; the river flows onward and is lost to our sight, but under its new horizon it carries the same waters which it gathered under ours, and its unseen valleys are made glad by the offerings which are borne down to them from the past,--flowers, perchance, the germs of which its own waves had planted on the banks of Time.
John Greenleaf WhittierIโm a capitalist, not a corporatist. Iโm not someone who believes we should be bailing out corporations whether their auto industries, or banks.
Rick SantorumWelcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.
Llewellyn RockwellI think that Europe has to get its act together very quickly. The Belgian guy who's leading the negotiations against Brexit, he sees it as a whole chance to reboot Europe and reclaim the kind of social mission of Europe from all this corporate, bureaucratic, globalist stuff that has got into, building Europe for the people rather than the banks, again.
Irvine WelshWhat the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right.
John RedwoodWhen I said "the pocket of the banks," it is not necessarily a mercenary relationship. It is a mindset.
Joseph StiglitzBanks lend by creating credit. They create the means of payment out of nothing.
Ralph George HawtreyA 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 DimonOur consumer-oriented economy wouldn't survive without economic growth. The whole mechanism depends on invention and insinuation of novelties, arousing new wants, seduction and temptation. This is the problem we face - much more than recapitalizing the banks. The question is: Is that kind of economy sustainable?
Zygmunt BaumanI had some great role models along the way. My on-field heroes were the great Ernie Banks, Billy Williams, and Willie Mays. I wanted to be like them on the field, and I am so damn proud to join them in the Hall of Fame.
Allan RayThe financial education taught in schools is funded and taught by the big banks and corporations. It's like having the cat train the mice.
Robert KiyosakiEvery government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.
Michael HudsonInvestment 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 believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas JeffersonThe stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.
David StockmanI have supported candidates whose views are very different than mine on the need the break up Wall Street banks, on the war in Iraq, on trade issues. Of course I have supported those people. My hope is that we're going to see - and I believe it is the case - we're going to see more and more strong progressives running for office. That's my hope. That's my desire. But that is up to - that decision is going to be made by people in 50 states and 435 congressional districts.
Bernie SandersPoliticians all over the world cater to domestic vote banks. They will spend only on what their constituents want. So unless there is a grass root green movement in a nation the politicians will not be willing to spend money on curbing emissions. More awareness is needed amongst the people to effect the real change in how governments spend.
Wilbur SmithAt the moment we are facing a whole collection of difficult to forecast developments from the situation in China and the oil-price crash to the worrying news from some banks in Europe and the US. All of that is linked: Worldwide company debt is high and there is a lot of money in circulation. That is why necessary structural reforms are not being made.
Wolfgang SchaubleGood presidents, people like George Bush, they SEND people to war. They don't bring them a rescue. This is America. We rescue insurance companies and banks.
Bill MaherI 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 WilliamsPresident Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.
Lael BrainardThe Taj Mahal rises above the banks of the river like a solitary tear suspended on the cheek of time.
Rabindranath TagoreThere really isn't a recovery, and no signs of it on the horizon, because people have to pay the banks. It's a vicious circle - or rather, a downward spiral.
Michael HudsonNobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.
Michael MooreThe fact is in a city like Chicago, for example, unemployment in the black community is around 20 percent for adults, 35 percent for youth, they bail out the banks, public schools, there is a deep divide. We need a plan for reconstruction and redevelopment and I hope that - police are the gatekeepers but behind that gate are these problems of disparities and injustice.
Jesse JacksonThe banks are not lending, at least from what I see. They were so wild and reckless back in the good times that they got burned terribly.
Ben SteinWho lent the Greeks the most money? It was German banks, and for a long time, they were profiting from it quite nicely.
Jaroslaw KaczynskiTo 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 AmbroseThe United States is the most indebted country in the world. It has almost 17 billion dollars of debt with the rest of the world while living off the world's savings. They are living off the savings of the people of Greece, the savings of the people of Spain, France etc. All of those countries that save their reserves in the banks in dollars are simply financing the American economy, and that is why the average American citizen consumes two and a half times more than their income.
Alejandro Castro EspinThe wide wonder of Broadway is disconsolate in the daytime; but gaudily glorious at night, with a milling crowd filling sidewalk and roadway, silent, going up, going down, between upstanding banks of brilliant lights, each building braided and embossed with glowing, many-coloured bulbs of man-rayed luminance. A glowing valley of the shadow of life. The strolling crowd went slowly by through the kinematically divine thoroughfare of New York.
Sean O'CaseyIf [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 Priebus