The way the bankers have kind of toppled the way money is distributed, and taken most of it into their own hands, is as good as Stalin or Hitler.
[Yahya Khan] thought of nothing but acquiring beautiful cars, building beautiful homes, making friends with bankers, and sending money abroad.
Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.
There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan.
In the subprime mortgage industry, bankers handed out iffy loans like candy at a parade because such loans meant revenue and, hence, bonuses for executives in the here-and-now.
Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month's rent. Mug a janitor and you will be lucky to get away with bus fare to flee the crime scene.
The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year's seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.
Borrowing money on what's called 'easy terms,' is a one-way ticket to the Poor House. If you think it ain't a Sucker Game, why is your Banker the richest man in your Town? Why is your Bank the biggest and finest building in your Town? Instead of passing Bills to make borrowing easy, if Congress had passed a Bill that no Person could borrow a cent of Money from any other person, they would have gone down in History as committing the greatest bit of Legislation in the World.
Ladies love outlaws, like babies love stray dogs. Ladies touch babies like a banker touches gold, outlaws touch ladies somewhere deep down in their soul.
In a Bloomberg poll, 88% of respondents said that Wall Street bonuses should either be banned outright or taxed at 50%. Just 7% said they should remain an incentive. To put that 7% figure in perspective, 6% of Americans believe the moon landings were a hoax; 7% believe Elvis lives; 24% believe that Barack Obama is a secret Muslim; 41% believe in ESP; and 48% believe in creationism. Americans will believe anything, it seems-except the idea that incentivizing bankers at systemically important institutions to take big risks makes any sense at all.
Banks don't commit crimes. Bankers do. And they won't ever stop if they don't have to pay for their crimes.
Printing up extra money - with no backing - used to be the sort of thing only counterfeiters did. Now it is done by the central bankers and Treasury Secretaries themselves. They don't apologize for it. They don't hang their heads and contemplate blowing their brains out. Instead, they're proud of it... announcing that they 'saved civilization,' or some such claptrap.
We think that we are generous because we credit our neighbor with those virtues that are likely to benefit ourselves. We praise the banker that we may overdraw our account, and find good qualities in the highwayman in the hope that he may spare our pockets.
The last duty of a central banker is to tell the public the truth.
A banker is a person who is willing to make you a loan if you present sufficient evidence to show you don't need it.
American bankers believe in the personal touch; the teller conveys a sense that he happens to be there accidentally and he is overjoyed at the lucky chance of the encounter.
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.
Cowgirl is a spirit, a special brand of courage. The cowgirl faces life head on, lives by her own lights, and makes no excuses. Cowgirls take stands. They speak up. They defend the things they hold dear. A cowgirl might be a rancher, or a barrel racer, or a bull rider, or an actress. But she's just as likely to be a checker at the local Winn Dixie, a full-time mother, a banker, an attorney, or an astronaut.
Research suggests that investment bankers are more prone to commit fraud when they feel the competitor at their heels.
People always try to put a title or a symbol on you. If you work in a bank, you are a banker. For me, they see a co-founder of Facebook.
When your government, employer, landlord, merchant, banker and local sports team gang up to picture, digitize and permanently record your every activity, you are placed under unprecedented control.
I am pleased the Ministry of Culture is protecting the morals of expatriate bankers and their girlfriends.
A young poet in America should not be advised at the outset to give up all for the Muse-to seclude himself in the country, to live hand from mouth in Greenwich Village or to escape to the Riviera. I should not advise him even to become a magazine editor or work in a publisher's office. The poet would do better to study a profession, to become a banker or a public official or even to go in for the movies.
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