Quotes About Banks

On 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.

A couple in love walking along the banks of the Seine are, in real fact, a couple in love walking along the banks of the Seine, not mere particles in motion.

I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.

What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital markets. When you look at capital markets through the lens of complexity theory, you ask "what's the scale of the system?" Scale is a fancy word for size. What measures are you using? If you look at total debt, the concentration of assets in the five largest banks, what percentage of the total assets of the five largest banks are interconnected? What you see is a very densely connected, fragile system that could collapse at any moment.

The Musketaquid, or Grass-ground River, though probably as old as the Nile or Euphrates, did not begin to have a place in civilized history until the fame of its grassy meadows and fish attracted settlers out of England in 1635, when it received the other but kindred name of CONCORD from the first plantation on its banks, which appears to have commenced in a spirit of peace and harmony. It will be Grass-ground River as long as grass grows and water runs here; it will be Concord River only while men lead peacable lives on its banks.

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.

They have poisoned the Thames and killed the fish in the river. A little further development of the same wisdom and science will complete the poisoning of the air, and kill the dwellers on the banks. I almost think it is the destiny of science to exterminate the human race.

Banks aren't neutral observers, they're ... the people who caused the mess. It's like someone who's wet themselves in a public building insisting they choose which mop the librarian fetches to clear up the puddle.

The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.

If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.

At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.

North 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.

It has been a masterful fight-back by the big banks. We the paying public can't do anything much except admit defeat and settle back for the next set of bills. In the meantime, perhaps, we should try and think of a name for the new economic system, which certainly isn't capitalism ... The most accurate term would probably be "bankocracy".

When you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people running these banks. They're the chief officers, and they push the loans because they don't care if they go bad. For one thing, they may package these bad loans and sell them off to gullible institutional investors.

Genius is a bend in the creek where bright water has gathered, and which mirrors the trees, the sky and the banks. It just does that because it is there and the scenery is there. Talent is a fine mirror with a silver frame, with the name of the owner engraved on the back.

It is the omnipresent rush of water which give the Este Gardens their peculiar character. From the Anio, drawn up the hillside at incalculable cost and labour, a thousand rills gush downward, terrace by terrace, channeling the stone rails of the balusters, leaping from step to step, dripping into mossy conches, flashing in spray from the horns of sea-gods and the jaws of mythical monsters, or forcing themselves in irrepressible overflow down the ivy-matted banks.

As a young man, I lived through the Great Depression, when banks failed and so many lost their jobs and homes and went hungry. I was fortunate to have a job at a canning factory that paid 25 cents an hour.

In America, we need to go forward in nationalizing several large corporations: I think that's possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the public may keep the corporations it has to rescue.

The States should be urged to concede to the General Government, with a saving of chartered rights, the exclusive power of establishing banks of discount for paper.

Every Republican’s voted for it. Look at what they value and look at their budget and what they’re proposing. Romney wants to let the – he said in the first 100 days he’s going to let the big banks once again write their own rules – unchain Wall Street. They’re gonna put you all back in chains.

The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.

The institutions are working better now, the banks are much more functional. At this time, 1997, there were no mobile phones! It's a whole different thing now with mobile phones: technology has created a form of regulation, because people can actually talk to each other a lot more.

Faith is a homely, private capital; as there are public savings-banks and poor funds, out of which in times of want we can relieve the necessities of individuals, so here the faithful take their coin in peace.

I think changing the Democratic Party platform [at the convention] is a great place to start. It should include expanding Social Security, a $15 minimum wage, and breaking up too-big-to-fail banks on Wall Street - among other Sanders priorities.

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.

Tax 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.

Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like nine and a half to ten percent compounded per year. The banks have probably given you something in the order of four to five.

The Clinton machine is at the center of this power structure. We've seen this first hand in the WikiLeaks documents, in which Hillary Clinton meets in secret with international banks to plot the destruction of U.S. sovereignty in order to enrich these global financial powers, her special interest friends and her donors.

I'm thinking of switching banks, and my friend said, 'Well, what's wrong with Citibank?' Well, they can't spell 'city.' I hope their math is better than their English is.

A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.

Banks get in trouble for one reason: They make bad loans.

Unlike the Concord, the Merrimack is not a dead but a living stream, though it has less life within its waters and on its banks. It has a swift current, and, in this part of its course, a clayey bottom, almost no weeds, and comparatively few fishes.

China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.

We 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.

That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In principle the government is supposed to make regulations that help the economy over time. But once it's taken over by the financial sector, the government lives in the short run too.

The banks should give a full, fair, and accurate account of their financial positions and they are failing that test.

In his second term, [Ronald] Reagan completed the work of his first term - the rich got really rich, everything was deregulated, advocacy programs were quashed, the Savings and Loan program was trashed, the deficit was tripled, unions were busted, Housing and Urban Developing was in shambles, banks were closing, the military got lots of new toys, the religious right was strong, and AIDS was ignored.

Fool indeed is he, who, living on the banks of the Ganga, digs a little well for water. Fool indeed is the man who, coming to a mine of diamonds, begins to search for glass beads.

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.

The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control.

And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money.

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

I wake up every morning happy for where I am in life. It's not all about the cooking, but the fact that I can contribute by using my influence to help people all over the country. In the last two years, my partners and I have fed more than 10 million hungry people by bringing meat to food banks.

Whenever there is a a financial crisis, it is always the banks that get hit.

Planned Parenthood and Human Rights Campaign they`re not really the establishment. I can`t obviously speak for Senator Bernie Sanders or about Planned Parenthood. But what we do see, and we`ve seen for years in America, is that the establishment, that is, the big banks and the executives and the wealthy do support a lot of non-profits and make the non-profits basically walk to the tune of the establishment.

The FBI has long been a part of the security for the nation's banks because bank robberies have been a priority

The government isn't going to say, "We're going to regulate banks, but we'll leave these other companies alone." I think the regulators want to make sure that they have some form of regulation on anything systemic. We like our hand. But, you know, honestly, who owns the future?

Banks need to think through their ethics very carefully, and many have done so. I dont know any bank that dismisses the concept of ethical banking.