Quotes About Banks

The banks are not lending, at least from what I see. They were so wild and reckless back in the good times that they got burned terribly.

Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.

My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.

The connection which formerly existed between the Government and banks was in reality injurious to both, as well as to the general interests of the community at large.

Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.

When government is... bailing out banks... we have every good reason to be alarmed.

I rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes.

While the banks got big bailouts, a sizeable chunk of African-American wealth evaporated because so many people lost homes.

Why do banks charge you a "non-sufficient funds fee" on money they already know you don't have?

As the economy began to improve in the early 1940s, she made small deposits into five local savings banks for Kiki's education. Having lived through the crash, when banks closed their doors and customers' deposits vanished, she was unwilling to entrust all her savings to a single institution.

Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!

In 1994, the PFDJ established the Hidri Trust as a corporate umbrella for the Red Sea Trading Corporation – which maintained secret offshore accounts – plus banks, construction companies and manufacturing plants.8 The Red Sea Corporation and other party

Regulators are a backstop: they don't own banks. The governance at the top of our leading banks has been shown to be lamentably weak. No one at the top of Barclays will take responsibility for systemic abuse.

There is a very strong linkage between U.S. banks and European banks. There are plenty of European employees that are employed by U.S. companies, and there are plenty of U.S. employees that are employed by European companies.

Let's not forget, what TARP did allowed us to move overnight and put capital into hundreds of banks, and that money came back plus $32 billion.

To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.

We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The shift to a high sovereign-debt-yield equilibrium would make it impossible to achieve fiscal balance.

Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.

Banks don't come with an internal switch that says, 'Enough! Let's slow down a little.' Or, 'Let's just share this wealth around for the benefit of the community now.' That's the job of government.

Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.

We believe the new banks will complement the existing banking system, and there will be opportunities for players to identify mutually beneficial partnerships.

As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.