Quotes About Banks

One nation banking recognises that banks must not be isolated from the rest of the economy. Because banks and small businesses must succeed or fail together, banks must lend to small businesses so we can get the growth and jobs we need for the future. As things stand, that is not happening enough. Lending was down £10.8billion last year.

Before 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.

Between the banks of pain and pleasure the river of life flows. It is only when the mind refuses to flow with life, and gets stuck at the banks, that it becomes a problem.

Some banks won’t make it. Other banks are going to make sure that we strengthen. All deposits are going to be safe for ordinary people, but we’re going to have to bring out some of these bad assets.

The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.

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.

Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that are not, in the long run, in the interests of the banks themselves, and I would like to think that would change.

Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.

Banks 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?

We'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.

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.

Herman 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.'

You entrust your money to banks, God entrusts His money to you. How would you feel if the bank took your money and used it to play the lottery or gamble with it? So, how does God feel?

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.

Well, "The Washington post" three weeks ago had this investigation and they said that President Obama has now raised more money from Wall Street and the banks for this election cycle than all - than all eight Republicans combined. I don't want to say that, because if that's the truth, that Wall Street already has their man and his name is Barack Obama, then we've got a much bigger problem.

Quantitatve easing is NOT going away. Every major country is running a deficit. If they are all net borrowers then who is the lender? The central banks. For this reason – QE is not going away for a long time.

'Prop trading' is just a fancy term for banks gambling in the market for their own profit.

This is the twilight of the banks. It would be a more cheerful spectacle if we could envision the dawn of the institutions that will replace them

I have ever been opposed to banks, - opposed to internal improvements by the general government, - opposed to distribution of public lands among the states, - opposed to taking the power from the hands of the people, - opposed to special monopolies, - opposed to a protective tariff, - opposed to a latitudinal construction of the constitution, - opposed to slavery agitation and disunion. This is my democracy. Point to a single act of my public career not in keeping with these principles.

When you say "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent.

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.

Donald Trump is going to win. Donald Trump is going to win because in the end, the country is not going to reward big banks and big unions and big bureaucracies and big donors and big corruption by voting for a big liar.

The 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.

American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.

A 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.

One 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.

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.

What’s happened is that, almost overnight, we’ve switched from democracy in real-property recording to oligarchy in real-property recording. There was no court case behind this, no statute from Congress or the state legislatures. It was accomplished in a private corporate decision. The banks just did it.

The rivers of America will run with blood filled to their banks before we will submit to them taking the Bible out of our schools.

We need to remind politicians they don't work for the big banks - they work for us.

Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.

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 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.

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.

I find that it is much easier now for women to be in any position because, as you see, they are presidents of banks, they are prime ministers, they are doctors. Everything is about women.

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.

President 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.

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.

The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity.

There 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.

Barack Obama is telling the banking industry what it can and can't charge and what profit he will accept and what level of profit he won't accept. Bill Clinton and Jimmy Carter came up with this scheme that resulted in the subprime mortgage crisis. They said it was unfair that poor and minority people didn't have houses, so we're basically gonna give 'em houses. How are we gonna do that? We're going to make the banks loan them money, knowing full well they can't pay it back.

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.

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

This happens today: if the investments in the banks fall slightly... a tragedy... what can be done? But if people die of hunger, if they have nothing eat, if they have poor health, it does not matter! This is our crisis today!

The 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.

This is sort of the epitome of the economic elite that is converging with a political elite. It's not only the banks and insurance companies. It's the war industry and private prisons. Certainly the fossil fuel agencies. It's not only that they're supporting this campaign, they're supporters of the Clinton Foundation. And where the Clinton Foundation ends and Hillary's [Clinton] political actions begin, that too is quite troubling.

The river flowed from century to century, and human affairs play themselves out on its banks. Play themselves out to be forgotten the next day, while the river flows on.

Banks are there to support businesses that have justifiable needs.