Quotes About Banks

Banks now want you to pay for face time, as more institutions charge fees for what was once the ritual for withdrawing and depositing your money: interacting with a teller.

In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy.

Warburg was shocked by the primitiveness of American finance. Whereas banks in Germany functioned with near-military cohesiveness, banking in America, he concluded, suffered from an ethos of extreme individualism.

On September 20, the New York Stock Exchange halted trading for ten days. Grant received emergency pleas for purchases of Treasury bonds to add liquidity to national banks, while Thomas Murphy, the former New York customs collector, wired: "Relief must come immediately or hundreds if not thousands of our best men will be ruined." Not since 1837 had such a spasm of fear flashed through Wall Street.

We have left behind the rosy agrarian rhetoric and slaveholding reality of Jeffersonian democracy and reside in the bustling world of trade, industry, stock markets, and banks that Hamilton envisioned. (Hamilton's staunch abolitionism formed an integral feature of this economic vision.)

To maximize its leverage over Wall Street, it scattered its gigantic balances among many banks;

Among the well-intentioned men who were woefully backward in finance, if forward-looking in politics, were Hamilton's three most savage critics of the 1790s: Jefferson, Madison, and Adams. These founders adhered to a static, archaic worldview that scorned banks, credit, and stock markets. From this perspective, Hamilton was the progressive figure of the era, his critics the conservatives.

For Jefferson, banks were devices to fleece the poor, oppress farmers, and induce a taste for luxury that would subvert republican simplicity. Strangely enough for a large slaveholder, he thought that agriculture was egalitarian while manufacturing would produce a class-conscious society.

At the start of 1799, both of the banks in New York City happened to be the brainchildren of Alexander Hamilton: the Bank of New York and the local branch of the Bank of the United States.

The banks of life cannot hold my love, which is as broad as the sea.

Our Soviet society is socialist because private ownership of factories, plants, land, banks and means of transportation has been abolished in our country, and replaced by public ownership.

I'm Noah, and you are the ship coasting along the banks and as long as you are my valentine I will sail between your eyes..

We were taking out mortgages we couldn't afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds.

Engaged in a new form of serfdom---only bound now to banks and mortgage lenders instead of to lords---her more highly leveraged neighbors pore over the business section of the newspaper each day looking for some sign that the government will soon step in to "freeze" their mortgage rates where they are before a scheduled adjustment hits.

On an innovation landscape now characterized by flow, capital competes for vehicles in which to invest. Accordingly, interest rates plummet and banks threaten insolvency.

But when it comes to foreign policy and particularly issues involving the corporations, the banks, or the military, there is no difference between the two parties.

Roosevelt may have been a Republican, but he was a lot more sensitive to the changing times than his predecessor. He started regulating banks, the food industry, and railway trusts; introduced higher taxes; and for the first time consulted the trade unions, which the government had looked upon with suspicion up to then.

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

If we want the banks to lend - and we all do - if we want the economy to expand - and we all do - do you really want to start confining the banks in their ability to make profits in order to generate more capital to lend out to the people?

If banks earn more profits, the employees will benefit.

A couple of years I taught in graduate programs at NYU and Columbia, in the early eighties.

I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can't do, and that they can provide the necessary function of liquidity in customer markets.

I'm a capitalist. I believe in the proper working of the free market. That's why I found the scandals of 2008, the banks, Libor, absolutely abhorrent.

These properties that get made into movies, some are easier than others. When they first said, 'Yeah, they're making a movie out of Lego,' I said, 'Lego what? What does that even mean?' And it's such a good concept.