Bankers Quotes - Page 2

There are only seven movie stars in the world whose name alone will induce American bankers to lend money for movie productions, and the only woman on the list is Ingrid Bergman.

Poets are mysterious, but a poet when all is said is not much more mysterious than a banker.

Why was it that when noughts committed criminal acts, the fact that they were noughts was always pointed out? The banker was a Cross. The newsreader didn't even mention it.

Compound interest on debt was the banker's greatest invention, to capture, and enslave, a productive society.

You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold.

Perhaps it is one secret of their power that, having studied the fluctuations of prices, the [bankers] know that history is inflationary.

A study of the panics of 1873, 1893, and 1907 indicates that these panics were the result of the international bankers' operations in London.

It is easier to rob by setting up a bank than by holding up a bank clerk.

The ancient nobility and gentry of the kingdom... have been thrust out of all public employment... a race of merchants, and manufacturers and bankers and loan-jobbers and contractors have usurped their place.

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation

Every sensible banker understands that Greece should not have received any more money: a bankrupt state that can never be expected to repay loans is not a good debtor.

Bankers are just like anybody else, only richer

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.

But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.

The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

The goose that lays golden eggs has been considered a most valuable possession. But even more profitable is the privilege of taking the golden eggs laid by somebody else's goose. The investment bankers and their associates now enjoy that privilege.

I am not embarrassed to be a banker. I am not embarrassed to be in business.

A banker is a person who is willing to make you a loan if you present sufficient evidence to show you don't need it.

The country is governed for the richest, for the corporations, the bankers, the land speculators, and for the exploiters of labor.

Every dollar that is printed should not represent a debt to private bankers. It should represent an investment potential in the common good, in the common needs of our country.

The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we were rigorously and intelligently screened. They bankers cared and wanted to protect their clients. The culture now is that anything that can be sold for a profit will be. 'Can you sell it?' is the moral test, and that's not an adequate test.

The last duty of a central banker is to tell the public the truth.