Quotes About Banks

Political scientists don't work at bankswhich is a problem. As political issues become more important for the markets, analysts at banks are asked all sorts of questions they don't have the ability to answer. And if you're getting paid to answer questionsas analysts at banks areyou never want to be in the position of saying you don't know.

This was the winter of 2008/9. Work was ongoing to reinstate a tram system in the city. A lot of people couldn't see the point of trams and many more disliked the disruption. Streets were closed off. There was almost a sense of 'apartheid' as the roadworks made it difficult to move from New Town to Old Town and vice versa. Added to which, the weather was fairly grim. And the banks looked ready to implode.

At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things.

I think we've learned that the S.B.A. plays a critical role in providing access and opportunity when the market is not providing that access. We help banks get that money out into the hands of important and viable businesses, particularly those owned by minorities, women, immigrants and veterans.

My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks.

On banks, I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.

Taking in money, banks were like industrial vacuum cleaners. Giving it out, they were clogged faucets

Banks are an almost irresistible attraction for that element of our society which seeks unearned money.

The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of 1819 as a confirmation of his pessimistic views on banks.

The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.

The swipe fee reform law that Congress enacted in 2010 was a huge step forward in bringing transparency, competition, and choice to a debit card system that had been rigged by Visa, MasterCard, and the banks.

We live in a nation where governments destroy freedom, the press destroys information, religion destroys morals, and our banks destroy the economy.

There is also the issue of debt forgiveness for some construction companies by banks,

The financial education taught in schools is funded and taught by the big banks and corporations. It's like having the cat train the mice.

Boy did he hate banks. He told me once that the Founding Fathers worried more about banks than they worried about the British. They knew that banks had been causing chaos, bringing empires to their knees, for centuries, all in the name of free enterprise. Photographer

Willie Sutton was one of the most notorious, infamous and frequently quoted figures of the twentieth century—yet little is known about him. From the 1920s to the 1950s he robbed dozens of banks, made off with perhaps two million dollars and escaped three maximum security prisons—but how? And why? Who was Willie Sutton and what drove him?

The nine largest banks, which received $125 billion from TARP, were collectively paying dividends of more than $25 billion a year.

Massive layoffs at financial firms. Banks refusing to lend while other banks were closing their doors. Congress chasing its tail. Obama blaming Bush. McCain/Palin blaming the Democrats.

F or a decade after the bursting of the debt bubble in 1837, business conditions were depressed in the United States. The number of banks available for financing speculative adventures declined. Then, after another 10 years, public memory faded again.

After becoming president in 1933, however, this Roosevelt did insist on putting America first. With its banks collapsing, a fourth of its workforce unemployed, and its self-confidence badly shaken, recovery took precedence over everything else.

In March 1955, Powell called for a boycott of Harlem savings banks that "practice 'Jim Crow-ism' and 'economic lynching.'" He urged Abyssinian Baptist Church's fifteen thousand members to withdraw their funds from white-woned banks and transfer them to either the black-owned Carver Federal Savings in Harlem or the black-owned Tri-State Bank in Memphis, Tennessee (108).

subject that got people aroused . . . was Who Owns America? . . . They had a chart going . . . filling in connections between the big local contractors and the steel companies and the city and county governments and the unions . . . and the downtown merchants. . . . They found they still did not know who owned obvious centers of power like the banks. They did not know who owned the local paper. Or the radio stations.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

Whenever there is a a financial crisis, it is always the banks that get hit.