Quotes About Banks

One of the distinctive traits about Iceland's disaster, and Wall Street's, is how little women had to do with it. Women worked in the banks, but not in the risk-taking jobs.

We kept saying, 'These banks are out of business.' But the government kept saving the banks," he said. "And right in the midst of this Iceland went broke.

The relationship of the big Wall Street banks to the high-frequency traders, when you thought about it, was a bit like the relationship of the entire society to the big Wall Street banks. When things went well, the HFT guys took most of the gains; when things went badly, the HFT guys vanished and the banks took the losses.

My Lehman interview was representative not just of my own experience, but of thousands of interviews conducted by a dozen investment banks on several dozen college campuses from about 1981 onwards.

By the middle of 2011, roughly 30 percent of all stock market trades occurred off the public exchanges, most of them in dark pools. The appeal of these dark pools—said the Wall Street banks—was that investors could expose their big stock market orders without fear that those orders would be exploited.

The biggest problem the banks had was that they had lent roughly 30 billion euros to the Greek government—where it was stolen or squandered. In Greece the banks didn't sink the country. The country sank the banks.

The big banks and the exchanges have a clear responsibility to protect investors—to handle investor stock market orders in the best possible way, and to create a fair marketplace. They've been paid to compromise investors' interests, while pretending to guard those interests. I was surprised more people weren't angry with them.

One afternoon we needed to urge the barge between the narrowing banks of the Romford Canal, my sister and I stationed on opposite sides of the deck yelling directions to The Darter at the wheel. The last hundred yards of the cut were almost fully overgrown. At its end there was a lorry waiting, and two men approached the boat and unloaded the boxes wordlessly

I think public sector banks need to have greater private participation of people who have skin in the game.

Are you really dating Rick Addison?" the darkest-haired of the girls, Emma, asked. "I am." "Awesome." "Pause the game, Haley," Livia instructed. "We need to pay Sam, and then she's going to help get Anatomy Man back." Great. Now she could rob piggy banks. "You don't need to pay me. We'll call it a family courtesy.

Where do we invest our trust now? In politicians? Most people would say not. In banks, in religion, in a sense of nationhood? In each other? Even that has been complicated. It feels like there's a total collapse of trust, but without trust, it's impossible to have any sense of who one is.

We need the banks to be attractive to investors again.

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.

Nobody is going to invest in the Italian banks unless they trust their balance sheets.

However, not even Soros could persuade Congress to pass any laws, and ultimately these proposals failed. Soros, Gonzales, Leach, and others were up against stiff competition. In the past two election cycles alone, legislators received an estimated $100 million in contributions from banks, investment firms, and insurance companies.

Wayne liked how banks worked. They had style. Many people, they'd keep their money out of sight, hidden under beds and some such. What was the fun of that? But a bank Ã¢â'¬Â¦ a bank was a target. Building a place like this, then stuffing it full of cash, was like climbing atop a hill and daring anyone who approached to try to knock you off.

The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.

Credit unions are often a better deal than banks and tend to pay higher yields on deposits.

Conspiracies do exist. Probably in this moment in New York there is an economic group making a conspiracy in order to buy three banks. But if they succeed, they are immediately discovered.

Trapped in the bureaucracy nightmare, real families suffer when the big banks and their servicers force foreclosures. The emotional toll on children packing up their rooms and on parents struggling to find a temporary roof is a deep one.

When I started the business, only banks operated at airports, only banks issued travellers' cheques, only banks issued international payments, only banks serviced their own branch networks.

Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. The costs of committed liquidity facilities will be passed on to clearing members. These costs are perhaps highest in clearing Treasury securities, where liquidity needs can be especially large.

The public subsidies provided to miners, loggers, and ranchers are as extravagant and as harmful to the public interest as the subsidies that the Federal Reserve and Treasury provide to the 'banks too big to fail.'

All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.