Quotes About Banks

Here's Hillary Clinton getting away with tying the Republicans to rich people. She's tying the Republican Party to Wall Street, to the big banks. She's tying the Republican Party to the financial crisis in 2008. It's all their fault. She's tying herself as with the low-income crowd - and the average, ordinary middle class American - as their champion, as their defender. They don't know that it's not the Republicans in bed with banks. They don't know that it's the banks that are practically paying for and underwriting the Democrat Party and Hillary Clinton today.

I 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.

The banks' product is debt. They try to tell customers that "debts are good for you," but the customers can't afford any more debt, so there's no way the banks can continue their current business plan.

The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency

Dodd-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.

Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that

This 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.

When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral.

To save the banks from making losses that would wipe out their net worth, you'll have to get rid of Social Security. It means that you'll essentially have to abolish government and turn it over to the banking system to run, with an idea that the role of governments is to extract income from the economy to pay to the bondholders and the banks.

Regulators 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.

We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

The 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.

I have always been afraid of banks.

You are leaving port under sealed orders and in a troubled period. You cannot know whither you are going or what you are to do. But why not take the Pilot on board who knows the nature of your sealed orders from the outset, and who will shape your entire voyage accordingly? He knows the shoals and the sand banks, the rocks and the reefs, He will steer you safely into that celestial harbor where your anchor will be cast for eternity. Let His almighty nail-pierced hands hold the wheel, and you will be safe.

America's critics can be heard everywhere. It is too much in love with money - worshipping the god of the marketplace, the golden calf. It has too much money, seven of the top 10 banks, eight of the top 10 companies etc. It is too stingy, giving away less of its wealth than other countries. It is vulgar, a rich barbarian.

Welcome 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.

We have the Israelis coming to us for equipment. We can say we can't possibly get the Congress to support a program like this. And they say don't worry about the Congress. We will take care of the Congress. This is somebody from another country, but they can do it. They own, you know, the banks in this country. The newspapers. Just look at where the Jewish money is.

O my Bergson, you are a magician, and your book is a marvel, a real wonder in the history of philosophy . . . In finishing it I found . . . such a flavor of persistent euphony, as of a rich river that never foamed or ran thin, but steadily and firmly proceeded with its banks full to the brim.

I stalk about her door, like a strange soul upon the Stygian banks staying for waftage.

Banks lend by creating credit. They create the means of payment out of nothing.

The unique aspect of today's monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide.

I always think of the economy as going down a pretty broad road that has mud on either side - for inflation and deflation. What hurts the market is when we unexpectedly swerve into one of those mud banks.

Our Soviet society is socialist because private ownership of factories, plants, land, banks and means of transportation has been abolished in our country, and replaced by public ownership.

If Hillary [Clinton] gets elected what she's promised to do with the [New York] banks is going to make London boom.

News is like the tilefish which appears in great schools off the Atlantic Coast some years and then vanishes, no one knows whither or for how long. Newspapers might employ these periods searching for the breeding grounds of news, but they prefer to fill up with stories about Kurdled Kurds or Calvin Coolidge, until the banks close or a Hitler marches, when they are as surprised as their readers.

There is another method of obtaining money... It does not presuppose the existence of accumulated results of previous development, and hence may be considered as the only one which is available in strict logic. This method of obtaining money is the creation of purchasing power by banks. The form it takes is immaterial.

I like money. That is, it is my preferred means of completing pecuniary transactions. I'm not particularly keen on handing over wads of currency of the realm, but at least one knows where one is, whereas the chequebook is a snare and a delusion, containing misleading numbers of blank cheques when none of the money that the bank contains is rightfully one's own. ... I think banks owe their customers a lot by way of compensation for the aggravation they cause them.

I 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.

In 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.

Nobody knows everything that's hidden in the balance sheets of banks. In fact, they are completely impenetrable.

No life, my honest scholar, no life so happyand so pleasant as the life of a well-governed angler; for when the lawyer is swallowed up with business, and the statesman is preventing or contriving plots, then we sit on cowslip-banks, hear the birds sing, and possess ourselves in as much quietness as these silver streams, which we now see glide so quietly by us.

[Banks] have a clear obligation to help get this country off its addiction to debt because they sure as hell helped to get this country addicted to debt.

In the future the question will not be, "Are people credit-worthy", but rather, "Are banks people-worthy?"

More paper money cannot make a society richer, of course, – it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer.

Have 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!

I think politically there is less juice to be squeezed out of that orange in the Democratic side. I mean, my feeling is your median Democratic voter, they`re angry at the banks or they`re not psyched about companies that outsource and things like that.

I'll tell you where the injustice is. It's with the person earning £12,000 to £15,000-a-year who is being asked to be restrained by their business or employer. Yet the taxpayer has bailed out the banks, so why are they not showing restraint?

There's no question the crisis demonstrated that the bank system didn't work. And when you looked at the aftermath of the crisis, what needed to be done. You had to make sure banks got back to the basics of banking, and that they had to address the trust issue.

At 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.

Rockefeller and his associates did not build the Standard Oil Co. in the board rooms of Wall Street banks. They fought their way to control by rebate and drawback, bribe and blackmail, espionage and price cutting, by ruthless efficiency of organization.

Before the arrival of the Credit Union, people who were from the poor background or a working class background couldn't borrow from banks.

We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

Toronto won't topple New York or London as a financial center, nor will it dethrone Los Angeles as the international entertainment capital, but with its large and stable banks, numerous knowledge-based industries thriving in the surrounding mega-regions, and an increasingly diverse population, it will gain ground. And with employment opportunities in the largest centers eroding, it can make a big move on top global talent. It stands as a model of an older, once heavily industrial Frostbelt city that has not only turned itself around but continues to grow and thrive.

Biodiversity can't be maintained by protecting a few species in a zoo, or by preserving greenbelts or national parks. To function properly, nature needs more room than that. It can maintain itself, however, without human expense, without zookeepers, park rangers, foresters or gene banks. All it needs is to be left alone.

When were we the most egalitarian country in the world? When we had the Glass/Steagal Act, which prevented the banks from becoming the criminal operations that they've become.

My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.

Who lent the Greeks the most money? It was German banks, and for a long time, they were profiting from it quite nicely.