Banking Quotes - Page 12

• You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.

  Nouriel Roubini

  Views, Problem, Horns

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• It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.

  Henry Paulson

  Sound, Safe, Situation

  "CBS News' Face the Nation", www.cbsnews.com. July 20, 2008.

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• 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.

  Ed Miliband

  Jobs, Years, Growth

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• I doubt if there is any occupation which is more consistently and unfairly demeaned, degraded, denounced, and deplored than banking.

  William Proxmire

  Doubt, Occupation, Ifs

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• In Los Angeles on Black Friday, a woman pepper sprayed Wal-Mart shoppers who tried to cut in line. The police acted fast by immediately hiring her to get rid of peaceful protesters outside banking institutions all across the United States.

  Craig Ferguson

  Friday, Cutting, Police

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• Bankers regard research as most dangerous a thing that makes banking hazardous due to the rapid changes it brings about in industry.

  Charles Kettering

  Science, Bankers, Research

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• The Rule of 150 says that congregants of a rapidly expanding church, or the members of a social club, or anyone in a group activity banking on the epidemic spread of shared ideals needs to be particularly cognizant of the perils of the bigness. Crossing the 150 line is a small change that can make a big difference.

  Malcolm Gladwell

  Small Changes, Epidemics, Differences

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• By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

  John Maynard Keynes

  Mean, Men, People

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• Many are the exercises of power reserved to the States wherein a uniformity of proceeding would be advantageous to all. Such are quarantines, health laws, regulations of the press, banking institutions, training militia, etc., etc.

  Thomas Jefferson

  Exercise, Law, Training

  Thomas Jefferson, Richard Holland Johnston (1907). “The Writings of Thomas Jefferson”

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• In our election manifesto is: we keep the right to create money and to bring in circulation, for the cause of the government ... Those who do not share this view, reply us to the issue of paper money is for the banks, the government should stay out of the banking business. I agree with Jefferson's opinion ... and just like him I say again: the issue of money is a matter for the government and the banks should stay out of government activity.

  William Jennings Bryan

  Government, Views, Issues

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• Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.

  Wilbur Ross

  World, Regulation, Arguing

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• Always stay true to your nature. Anything that you are being hired for in any aspect of life whether it is a banking job, acting directing, whatever it is you have to stay true to who you are because they hired you to do what you do.

  Anne Fletcher

  Jobs, Acting, Stay True

  Source: blogs.indiewire.com

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• By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.

  Karl Marx

  Fashion, Aristocracy, Credit

  Karl Marx, David McLellan (2000). “Karl Marx: Selected Writings”, p.334, Oxford University Press, USA

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• What a dignity it gives an old lady, that balance at the bankers! How tenderly we look at her faults if she is a relative; what a kind, good-natured old creature we find her!

  William Makepeace Thackeray

  Giving, Balance, Looks

  William Makepeace Thackeray (1849). “Vanity fair. With illustr. by the author”, p.77

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• 'Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery. Can anyone expect that a step of this kind will improve the quality of our long-term investments?'

  Barry Ritholtz

  Long, Political, Quality

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• They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems.

  Joseph Stiglitz

  Leader, Political, Would Be

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• Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.

  John Adams

  Usury, Loan, Interest

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• It does no one any good to say their novel sucks if you don't have an idea how to make it better, how to approach it from different angles and make it work. It's obviously a subjective process, right? But the thing about subjectivity, at least in the classroom, is that you're banking on your professor's subjectivity to be both personal and professional - that he or she has some sense about the world outside the workshop.

  Tod Goldberg

  Ideas, Doe, Different

  Source: therumpus.net

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• In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are using their mobile phones.

  Maurice Levy

  Phones, Cash, Difficult

  Source: www.businessinsider.com

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• Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.

  James Grant

  Weed, Red Flags, Growth

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• [T]he first bad bank loan was no doubt made around the time of the opening of the first bank.

  James Grant

  Doubt, Firsts, Loan

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• I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.

  James Grant

  Believe, Errors, Ideas

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• I'm not against banking. Banking allowed our modern society to happen, it is essential. It connects the work through finance, so banking is good.

  Adam McKay

  Essentials, Finance, Modern

  Source: www.hollywoodchicago.com

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• Temporary 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 Stiglitz

  Believe, Mean, Government

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

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• I don't like the anonymity of the banking process - people now don't have a bank manager they ever meet.

  Anne Robinson

  People, Process, Managers

  Source: www.telegraph.co.uk

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