Quotes About Bankers

Criminals are dumb as stumps. If they were smart they could go be investment bankers. Or judges.

When investors, particularly investment bankers, talk about splitting up companies, there's a lot of discussion about multiple expansion, and the reality is multiple expansion is an outcome, not a strategy.

Around the district, I've talked to more local bankers who are scared to death.

Important New York banks realized that because bankers had hypothecated the Central Pacific's securities repeatedly, they were effectively worthless as collateral. It was better to strike a deal with the Central Pacific; otherwise the chain of debt would choke even more banks. Jay Gould scavenged the Union Pacific, saving it from bankruptcy and setting up what would eventually become one of his biggest financial killings.43

Sapiens know these cooperative tricks well. They sometimes form power hierarchies similar to those of common chimpanzees, whereas on other occasions they cement social bonds with sex just like bonobos. Yet ... you cannot settle the Greek debt crisis by inviting Greek politicians and German bankers to either a fist fight or an orgy.

The empires built by bankers and merchants in frock coats and top hats defeated the empires built by kings and noblemen in gold clothes and shining armour.

This proletarianization of the lower salaried bourgeoisie is accompanied by an excess in the opposite direction: the irrationally high pay of top managers and bankers, a level of remuneration that is economically irrational since, as investigations in the US have demonstrated, it tends to be inversely proportional to the company's success.

For bankers, lawyers, accountants, brokers and company formation agents looking to score big, the only thing standing in their way has been "Know your customer" (KYC), the lame excuse for a sure fire way to disrupt the business of making money by moving money.

We'll emerge from this war victorious and unscathed, and become bankers to the world. We'll export our dreams, our language, our culture, our way of life. And it will prove irresistible.

Because our dominance won't arise from subjugating peoples. We'll emerge from this war victorious and unscathed, and become bankers to the world. We'll export our dreams, our language, our culture, our way of life. And it will prove irresistible.

Of course, bankers were always interested in making money. But when bankers had clients, they bore some responsibility for the clients' welfare.

Lincoln was the spokesman of the rising capitalist class of the North, who viewed the emancipation of Negro slaves as indispensable to the development and triumph of the manufacturers and bankers of the industrial North, East and West over the slave-holder of the South.

Remember, bankers love debtors because debtors make the bank rich.

The end goal is to get everybody chipped, to control the whole society, to have the bankers and the elite people control the world.

The printing presses of the state treasuries cranked out reams of paper currency- showing wise kinds and blissful martyrs- while bankers wept and peasants starved.

We spoke the words bankers wanted to hear. Our numbers were clear, and we included our track record with our five other properties.

Three questions divided reformers: Who should issue the new currency? To what degree should the system be centralized? And should bankers or politicians be in control?

Regardless of how earnestly bankers trumpeted the virtues of laissez-faire, in times of unrest markets looked to Washington to provide stability.

VARIOUS OTHER BANKERS—heirs to the Indianapolis convention—carried on the fight for reform. However, unlike Warburg, they favored establishing an asset currency, a decentralized scheme based on each individual bank's loans.

Glass's nature was to fret. He was intensely agitated by the pressure from bankers for a centralized scheme and worried that bankers had gotten to Wilson (a suspicion, of course, that was entirely correct).

Like the London merchant bankers, the early Jewish bankers on Wall Street had started out as dry-goods merchants: the Lehmans began as Alabama cotton brokers; Goldman, as the owner of a Pennsylvania clothing store, Kuhn and Loeb, as Cincinnati clothiers; and Lazard, in a New Orleans dry-goods business.

By 1900, the nation's railroads were consolidated into six huge systems controlled by Wall Street bankers, principally J. P. Morgan

he thought unity among foreign bankers would prevent any single country from exploiting China.

It came about not because bankers were strong but because companies were still weak.