Quotes About Banks

I was backstage in Paris and saw Cindy Crawford doing House Of Style. I thought, I would love to to be in control of my career.

Bully, she muttered. When it comes to you, baby, I don't mind being labeled a bully.

Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses.

The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?

Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long time were major creditors for Greece and Greek banks.

If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent, e.g. subprime loans with little prospect of repayment.

The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.

Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have sparked a global banking panic.

Credit card companies and banks usually aren't shy when they're trying to sell you something. Heck, Wells Fargo didn't even bother to ask consumers before signing them up for as many as two million checking and credit card accounts.

She was right about one thing: the harm in the world is done by those who feel disenfranchised and abused. Contented people (as a rule) don't kite checks, rob banks, or kill their fellow citizens.

She was right about one thing: the harm in the world is done by those who feel disenfranchised and abused. Contented people (as a rule) don't kite checks, rob banks, or kill their fellow citizens.

Neither Italian fascism nor German National-"Socialism" has anything in common with such a [Soviet socialistic] society. Primarily, this is because the private ownership of the factories and works, of the land, the banks, transport, etc., has remained intact, and, therefore, capitalism remains in full force in Germany and in Italy.

I do believe that banks are special - they are very leveraged institutions by nature; therefore, it's even more critical to ensure that the governance and the process of running a banking company are well-organised, managed and regulated.

It is wrong when we, in effect, throw safe and sound financial institutions into the same category with banks and lenders that climbed too far out on a limb with no way to return.

The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there may be a democratization of the way currencies are priced.

You want banks to take some risk, but intelligent risk.

Attempting to write the entire history of the world might nevertheless be thought sufficiently daunting an enterprise to discourage the most intrepid and even the most naive. It is like trying to chart a river with no banks, no source and no mouth--and even this comparison is inadequate, for history is not one river but several.

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States.

International money transfer is a massive consumer rip-off. Banks and companies like Western Union have gotten away with it for too long.

Jeffrey Lewis sings as though absurdity were truth, and truth absurdity. And I think I agree with him.

banks—the biggest of which was the $13.9 billion AIG owed to Goldman Sachs. When you added in the $8.4 billion in cash AIG had already forked over to Goldman in collateral, you saw that Goldman had transferred more than $20 billion in subprime mortgage bond risk into the insurance company, which was in one way or another being covered by the U.S. taxpayer. That fact alone was enough to make everyone wonder at once how much more of this stuff was out there, and who owned it.

By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs, and Morgan Stanley all had what they termed "shelves" for their subprime wares, with strange names like HEAT and SAIL and GSAMP, that made it a bit more difficult for the general audience to see that these subprime bonds were being underwritten by Wall Street's biggest names.

If mere scandal could have destroyed the big Wall Street investment banks, they would have vanished long ago. This woman wasn't saying that Wall Street bankers were corrupt. She was saying that they were stupid.