Quotes About Banks

Last summer, after Groupon selected Goldman Sachs, Morgan Stanley, and Credit Suisse to underwrite its initial public offering, the trio valued Groupon at a generous $30 billion. Subsequent accounting and disclosure problems showed this estimate to be absurdly high. But the banks didn't care a whit. The higher the valuation, the fatter their fees.

How else can you explain why the Street was bailed out with no strings attached? Or why taxpayers didn't get equity in the banks we bailed out—as Warren Buffett got when he bailed out Goldman Sachs—so when the banks became profitable again, we didn't get any of the upside gains?

The only thing you can be sure of, Herr March, is that - whoever wins - still standing when the smoke of battle clears will be the banks of the cantons of Switzerland.

Now the stream of our common consciousness seems to be obliterating its own banks, losing its central direction and purpose, flooding the lowlands, disconnecting and isolating the highlands and to no particular purpose other than the wasteful fulfillment of its own internal momentum

Now the stream of our common consciousness seems to be obliterating its own banks, losing its central direction and purpose, flooding the lowlands, disconnecting and isolating the highlands and to no particular purpose other than the wasteful fulfillment of its own internal momentum. Some channel deepening seems called for.

It was later revealed that Fed Chairman Bernanke secretly sent billions over to Europe to save European banks, but zero went to Lehmann.

Banks see this as good customer relations because, if you have savings with them, you may come in and borrow money too. They want you to do this because they can then charge nine percent or more on what you borrow.

Many banks will loan money for a franchise, but not for a small start-up business, because they recognize the importance of systems and how starting with a good system lowers their risk.

The first actively traded U.S. stocks, floated in 1791, were issued by two banks: the Bank of New York and the Bank of the United States.

collected promotional mugs for all eight of the banks which collapsed beneath me. I lined them up in each new cubicle like heads on poles outside of a cannibal village. My resume was a graveyard of once powerful institutions.

Banks should contribute to the real economy, make a positive contribution to economic growth.

Here the system is creating an industry around the drug issue when it does nothing to stop the corrupt military that moves the drugs, and the big banks that are all in cahoots with the President and the big shots in the Congress.

Urban America has been redlined. Government has not offered tax incentives for investment, as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out, they've redlined it. Clearly, to break up the redlining process, there must be incentives to green-line with hedges against risk.

Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest rates as cheap as possible.

After getting driven into the ground by the policies of the Bush administration, the economy is creeping up. It's doing that because people are sticking their shoulders to the wheel. Community banks are doing a lot of lending to small businesses and keeping them going.

Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.

While the traditional banks and credit card companies lock down access to their payments infrastructure to a handful of trusted parties, Bitcoin is open to all.

Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.

The FBI has long been a part of the security for the nation's banks because bank robberies have been a priority.

The number one priority is going to be make sure that banks lend.

Big banks have long had private equity divisions that put up capital for deals too complex or risky for individual shareholders to finance.

In America, we have subsidized private jets, big banks and hedge fund managers. Wouldn't it make more sense to subsidize kids?

One of the big problems we had during the financial crisis was the intermingling of banks and holding companies and complex securities.

Community banks are a crucial part of our economy and the fabric of our society.