Financial Quotes - Page 23

• Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided.

  Manmohan Singh

  Should, Goods, Protectionism

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• This country has achieved its commercial and financial supremacy under a regime of private ownership. It conquered the wilderness, built our railroads, our factories, our public utilities, gave us the telegraph, the telephone, the electric light, the automobile, the airplane, the radio and a higher standard of living for all the people than obtains anywhere else in the world. No great invention ever came from a government-owned industry.

  George B. Cortelyou

  Country, Airplane, Light

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• You have more independent eyes scrutinizing the decision-making and financial statements of companies.

  Steve Odland

  Independent, Eye, Decision

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• The very best financial presentation is one that's well thought out and anticipates any questions... answering them in advance.

  Arthur Helps

  Business, Wells, Anticipate

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• Supporting customers through multiple channels is no longer an option for financial services organizations; it's a necessity.

  Sunny Singh

  Organization, Thought Provoking, Marketing

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• One of the gaps in our international development efforts is the provision of global public goods - that is, goods or conditions we need that no individual or country can secure on their own, such as halting global warming, financial stability and peace and security.

  Anna Lindh

  Country, Effort, Needs

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• Nothing about character is hereditary. Everyone, regardless of social background, financial status, race, or sex, enters the world with an equal opportunity to become a person of great or petty character.

  Michael Josephson

  Sex, Character, Opportunity

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• Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.

  Thomas Sowell

  Government, Should Have, Careers

  "Bailout Politics" by Thomas Sowell, www.realclearpolitics.com. September 30, 2008.

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• Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.

  Robert Kiyosaki

  Rain, Fire, Wind

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• Education is the foundation of success. Just as scholastic skills are vitally important, so are financial skills and communication skills.

  Robert Kiyosaki

  Communication, Skills, Important

  Robert Kiyosaki (2015). “Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!”, p.19, Robert Kiyosaki

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• Life's an offensive proposition from beginning to end. Maybe those who can't tolerate offense ought to just go ahead and end it all, and maybe those who demand financial compensation for offense ought to have it ended for them.

  Tom Robbins

  Demand, Offensive, Ends

  Tom Robbins (2003). “Fierce Invalids Home From Hot Climates”, p.201, Bantam

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• There are three cardinal rules - don't take somebody else's boyfriend unless you've been specifically invited to do so, don't take a drink without being asked, and keep a scrupulous accounting in financial matters.

  W. H. Auden

  Matter, Three, Funny Business

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• Now, we are seeing many of these same companies face the truth about their financial standing. Congress is faced with the challenge of reforming our accounting industry and holding corporate executives responsible for their actions.

  Bennie Thompson

  Business, Challenges, Faces

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• Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.

  Ben Bernanke

  Strong, Practice, Organization

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• The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.

  Daniele Nouy

  Practice, Risk, Sound

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• There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a crime ... had a crime for reckless management of a financial institution been on the books, Northern Rock and RBS would not have blown up.

  Paul Collier

  Book, Simple, Rocks

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• The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.

  George Soros

  Creating, Agency, Risk

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• The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson - and I am not wholly excepting the Administration of W. W. The country is going through a repetition of Jackson's fight with the Bank of the United States - only on a far bigger and broader basis.

  Franklin D. Roosevelt

  Country, Real, Fighting

  "F.D.R.: His Personal Letters, 1928-1945" edited by Elliott Roosevelt New York: Duell, Sloan and Pearce, (p. 373), 1950.

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• Undoubtedly there are, in connection with each of these things, cases of fraud, swindling, and other financial crimes; that is to say, the greed and selfishness of men are perpetual.

  William Graham Sumner

  Men, Hype, Greed

  William Graham Sumner (1903). “What Social Classes Owe to Each Other”, p.41, Ludwig von Mises Institute

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• While expanding market access for American industry, financial markets and farmers is critical, I believe it needs to be done responsibly, accounting for the treatment and protection of workers and the environment.

  Mark Udall

  Believe, Needs, Done

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• People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.

  Peter Schiff

  Government, Should Have, People

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• Illegal immigrants are beginning to comprise a black market class of workers in our society, jeopardizing the financial health of companies which play by the rules, while themselves vulnerable to the exploitation by those willing to take advantage of their illegal status.

  Spencer Bachus

  Class, Play, Black

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• Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave.

  Thomas Sankara

  Growth, Development, Debt

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• High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.

  Ruben Hinojosa

  Identity, Roles, Cards

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• As problems like identity theft become more prevalent, now more than ever, Americans need to take their financial health seriously - and this information is of the utmost importance.

  Ruben Hinojosa

  Identity, Needs, Information

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