Banking Quotes - Page 17

• It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

  James Grant

  Causes, Failing, Lending

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• The real power is not corporate; it is private. They choose not to have a name. It is a dynasty of banking families - Rothschild and Rockefeller being two - that operate chiefly out of London, in the boardrooms out of the city of London and the Bank of England, which they own.

  Betty Dodson

  Real, Cities, Names

  "Betty Dodson’s Feminist Sex Wars". Interview with Melissa Gira Grant, www.truth-out.org. December 16, 2013.

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• Italy is the fourth-largest economy in Europe and the eighth-largest economy in the world, and its banking system is collapsing. And Germany is desperate. It must maintain its standard of living. It can only do that with exports and Deutsche Bank is very exposed to Italian debt. But so is the rest of Europe.

  George Friedman

  Italian, Europe, Germany

  Source: www.businessinsider.com

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• There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them.

  Robert F. Engle

  People, Risk, Way

  Source: bigthink.com

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• Peak oil is already upon us. It is destroying our banking system, that is, our system for marshalling capital, and that is about to put us out of business-as-usual. So, we have to carry on with business-not-so-usual. This could mean anything from your children finding careers in farming (rather than show biz or plastic surgery) to reorganizing households differently to traveling from New York to Boston by boat.

  James Howard Kunstler

  New York, Children, Mean

  Interview With Simmons B. Buntin, www.terrain.org.

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