Quotes About Banks

The Fed could not create new money to act as the lender of last resort for failing banks, as new money had to be backed by gold.

The citizen has become irrelevant. He or she can participate in heavily choreographed elections, but the demands of corporations and banks are paramount.

Every business has to re-think their own business model and say does it meet this DSM test and do their products and services meet the test of being digital, social, and mobile? I think the banks are doing the same.

A particularly important use of codes a was by banks. Worries about the security of telegraphic money transfers

As we mentioned in the preamble, banks' role in effecting maturity transformation—transforming short-term deposit funding into long-term loans—makes them uniquely vulnerable to bank runs

there is one common theme to the vast range of crises we consider in this book, it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.

I live to hail that season by gifted one foretold, when men shall live by reason, and not alone by gold.

Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back.

Banks have a new image. Now you have 'a friend,' your friendly banker. If the banks are so friendly, how come they chain down the pens?

Down by the river, Down by the banks of the River Charles That's where you'll find me Along with lovers, muggers and thieves Well I love that dirty water, Oh Boston, you're my home. —The Inmates

only when savers can put their money in reliable banks that it can be channelled from the idle to the industrious.

Its prime cause was the rise and fall of 'securitized lending', which allowed banks to originate loans but then repackage and sell them on. And that was only possible because the rise of banks was followed by the ascent of the second great pillar of the modern financial system: the bond market.

As the banks took over the securities, the ratios between their capital and their assets lurched down towards their regulatory minima. Central banks in the United States and Europe sought to alleviate the pressure on the banks with interest rate cuts

the crisis prompted the issue of emergency paper money: in Britain, £1 and 10s Treasury notes; in the United States, the emergency currency that banks were authorized to issue under the Aldrich-Vreeland Act of 1908.46 Then, as now, the authorities reacted to a liquidity crisis by printing money.

then resold their loans in bulk to Wall Street banks. The banks, in turn, bundled the loans into high-yielding residential mortgage-backed securities (RMBS) and sold them on to investors around the world, all eager for a few hundredths of a percentage point more return on their capital. Repackaged as collateralized debt obligations (CDOs), these subprime securities could be transformed from risky loans to flaky borrowers into triple-A rated investment-grade securities.

The first is that poverty is not the result of rapacious financiers exploiting the poor. It has much more to do with the lack of financial institutions, with the absence of banks, not their presence.

Credit was, quite simply, the total of banks' assets (loans).

relationships between debtors and creditors brokered or 'intermediated' by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management.

After the creation of credit by banks, the birth of the bond was the second great revolution in the ascent of money.

Poor old George Orwell got it hopelessly wrong, forever worrying about state control when he should have been more afraid of the opposite. The political parties absented themselves and became mere functionaries for the real centre of power—the banks.

They had let these officials into their companies, and thus obtained permission to ship their wealth to their banks in North Africa. Lanny heard about it from one source after another, and some said that ten billion francs had come to Algiers, and others said twenty billion, and all agreed that it was still coming.

If underground militant cells were setting off hundreds of bombs and robbing banks around the country these days, of course, America would be crazed, consumed, talking of nothing else, and probably under martial law. The bombings back then seldom made the national news because a reasonable and rational Establishment was still in charge of the media discourse, determined to help Americans remain reasonable and rational.

Another example to prove that this stock market's bumper downfall is manipulated to boost privatization is that private banks share price has not fallen so much as much as that of govt banks. Attempt is being made to sell all PSUs to greedy private players by Government

Banks are the temples of America. This is a holy war. Our economy is our religion.