Banking Quotes - Page 5

I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements.

Banking technology has made it simple and efficient to invest in good causes.

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.

By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.

The Kaiser Wilhelm Institute's eugenics studies were initially endowed by Gustav Krupp von Bohlen und Halbach, the head of the Krupp munitions monolith, and James Loeb, of the Kuhn-Loeb banking family. Loeb's relatives, the Warburgs, were banking partners of William Rockefeller, and both families were responsible for setting up the American Harriman family - also movers and shakers in eugenics - in business.

Is this complicated, risky [banking] system the best we can have?

The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to "coin money or regulate the value thereof" - but rather delegated that authority, sometimes by charter and sometimes by default, to the banking system. This despite the provision in the Constitution that charged Congress with the power to 'coin money, regulate the value thereof, and of foreign Coin, and fix the Standards of weight and Measures.'

The large banking interests were deeply interested in the World War because of the wide opportunities for large profits.

Banking is very good business if you don't do anything dumb.

Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.

Early in my investment-banking career, I realized I was on a path that others had set out for me.

There is only one kind of life insurance, and that is pure protection based on a mortality table. All others are pure protection plus a cash value element that I call 'funny' banking.

Banking types should take their cue from Gordon Gekko. Or pick the best-looking banker in their firm and copy him.

My father invested his money so securely in the banking business that he was never able to get any of it out again.

Banking gives you a glimpse into what makes companies succeed and what makes companies fail.

Destabilization and turmoil,[Steven] Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.

In banking or insurance trust is the only thing you have to sell.

I have nothing against investment banking, but it's like massaging money rather than creating money.

The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world.

Hollywood is a small, familial place. Everyone does business with everybody else. The same complications occur in investment banking.

In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are using their mobile phones.

Brokerage firms and their executives cannot use threats regarding research activities as a way to obtain investment banking business. The threat to drop research coverage if Piper were not selected as the lead underwriter for a secondary offering was totally inappropriate and undermines the integrity of the market.

So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.

Deposit insurance has proved to be the crack cocaine of American finance.