Popular quotes about Banks! Wisdom and inspiration are here! | page 9
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 DimonPolitical 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 BremmerI 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.
Arthur LafferThe 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 BeecherIn the United States there are only two exceptions: banks have to report deposits they suspect to be related to either terrorism or drug trafficking. But if your funds derive from trafficking women and children for sexual exploitation, for example, or from illegal arms trafficking or any other illegal activity, then banks in the US are legally free to accept your money and are not required to report your deposit to the authorities.
Thomas PoggeMy guess is the big Chinese banks will be in 100โฏcountries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know.
Jamie DimonIf all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.
Robert W. HemphillPeople have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce. So there's not much new investment, there's not new employment (except minimum-wage "service" jobs), markets are shrinking, and people are defaulting. So many companies can't pay their banks.
Michael HudsonThis 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 SorosFar below ran the silver ribbon of the East River, braceleted by shining bridges, flecked by boats as small as flyspecks, splitting the shining banks of light that were Manhattan and Brooklyn on either side.
Cassandra ClareThe central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
Milton FriedmanProbably if you look like Tyra Banks, it probably is hard, even if you are really smart, for people to take - it surprises some.
Lisa RandallWe 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 DarlingThe streams of religion run deep or shallow, according as the banks of the Sabbath are kept up or neglected.
Matthew HenryThey like to take all this money from sin, build big universities to study in, sing Amazing Grace all the way to the Swiss banks.
Bob DylanCapital market liberalization includes freeing up deposit and lending rates, opening up the market to foreign banks, and removing restrictions on capital account transactions and bank lending. The focus is on deregulation, not on finding the right regulatory structure.
Joseph StiglitzBanks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards have been progressively eroded so that lenders are now engaging in practices that would have been regarded as out of the question five or ten years ago.
Ian MacfarlaneOne 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 MisesIf Hillary [Clinton] gets elected what she's promised to do with the [New York] banks is going to make London boom.
Rupert MurdochSo, it's pretty crazy. Look, we're bailing out Wall Street, we're bailing out banks, we're bailing out car companies. In fact, did you know there's a special box on your tax form this year you can check if you want a portion of your taxes to actually go to running the government?
Jay LenoPeople know, or dimly feel, that if thinking is not kept pure and keen, and if respect for the world of mind is no longer operative, ships and automobiles will soon cease to run right, the engineer's slide rule and the computations of banks and stock exchanges will forfeit validity and authority, and chaos will ensue.
Hermann HessePeople tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
Michael HudsonAt the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Murray RothbardIn the late 19th century there was a major union organization, Knights of Labor, and also a radical populist movement based on farmers. It's hard to believe, but it was based in Texas, and it was quite radical. They wanted their own banks, their own cooperatives, their own control over sales and commerce.
Noam ChomskyConservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.
Steven RattnerWhy 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 QuigleyIn the future the question will not be, "Are people credit-worthy", but rather, "Are banks people-worthy?"
Muhammad YunusIโm dazzled by your facility. In ten days youโll have written six stories! I donโt understand itโฆ Iโm like one of those old aqueducts: thereโs so much rubbish cogging up the banks of my thought that it flows slowly, and only spills from the end of my pen drop by drop.
Gustave FlaubertI wear a lot of wigs as Jacques Mesrine. He'd wear multiple wigs and take them off one at a time to rob three banks in one hour.
Vincent CasselI 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.
Carolina HerreraThere'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.
Vikram PanditI 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 WilliamsTrapped in the bureaucracy nightmare, real families suffer when the big banks and their servicers force foreclosures. The emotional toll on children packing up their rooms and on parents struggling to find a temporary roof is a deep one.
Sheldon WhitehouseThe life in us is like the water in the river. It may rise this year higher than man has ever known it, and flood the parched uplands; even this may be the eventful year, which will drown out all our muskrats. It was not always dry land where we dwell. I see far inland the banks where the stream anciently washed, before science began to record its freshets.
Henry David ThoreauI read books more than I go out. As a matter of fact, I get a little concerned about some of my anti-social habits. I will choose a night with Somerset Maugham or Russell Banks over a crowded bar any day.
Julie BowenThe Irish turned in on themselves and bid up their own land prices in the most extraordinary ways... The Irish people stepped in and guaranteed the banks, and committed to repay sums they can't afford to repay, and essentially committed themselves to generations of suffering.
Michael LewisI mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance.
Rick PerryThe lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
Stephen S. RoachThus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess
Irving FisherMost Swiss banks do have a whistleblower program, but they use it to punish those who avail themselves of it.
Herve FalcianiIf you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.
Ron ChernowI love jazz because it's so American; you know it's our Only Original Art Form. It just goes against the greed of corporate America and the Wall Street Banks that are destroying our economy.
Bernie SandersI donate heavily to the church and various churches in the Detroit community and food banks.
Aretha FranklinI hold all idea of regulating the currency to be an absurdity; the very terms of regulating the currency and managing the currency I look upon to be an absurdity; the currency should regulate itself; it must be regulated by the trade and commerce of the world; I would neither allow the Bank of England nor any private banks to have what is called the management of the currency.
Richard CobdenThe dawn came - not the flaming sky that promises storm, but a golden dawn of infinite promise. The birds came flying up out of the east in wedge-shaped formation, and the mist lifted in soft wreaths of sun-shot silver. Colour came back to the world. The grass glowed with a green so vivid that it seemed pulsing, like flame, from some hidden fire in the earth, the distant woods took on all the amazing deep crimsons and purples of their winter colouring, the banks were studded with their jewels of lichens and bright moss, and above the wet hedges shone with sun-shot orbs of light.
Elizabeth Goudge