Banking Quotes - Page 6

There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.

Food banking as well as other antihunger programs do a good job of managing poverty by alleviating its worst symptom, hunger.

The weird thing is that Stuart's the one guy - Stuart [Immonen ]and Sean Gordon Murphy, they're the kind of guys you can trust, where you don't need to do that because those guys are so incredibly reliable. They're just like clockwork, they turn in the pages just so perfectly on time. But I'm so paranoid, because I've been burned so many times, that I'm still even banking these guys.

A man who is without capital, and who, by prohibitions upon banking, is practically forbidden to hire any, is in a condition elevated but one degree above that of a chattel slave. He may live; but he can live only as the servant of others; compelled to perform such labor, and to perform it at such prices, as they may see fit to dictate.

I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.

Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.

I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro or the macro level. Micro, you would ask: "What kind of financial or banking system do we want?" Macro, you would say: "What are the underlying problems in the structure of our economy?"

The collapse of the world's banking system and the impending disaster of accelerating climate change are not separate phenomena. They are simply the most visible symptoms of a particular model of capitalism that will bring civilisation to its knees. But those symptoms will not get sorted unless and until we commit to a radical transformation of the way we create and distribute wealth in the world today

There's definitely evidence that capitalism at its most ruthless rewards psychopathic behavior. When you look at the worst corners of the American health insurance industry or the sub-prime banking market, it really feels like the more psychopathically someone behaves, the more it's rewarded.

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.

After graduating from college I worked at a variety of jobs, from banking to politics. I enjoyed whatever I was doing at the time but I didn't love my work.

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.

You don't run a business hoping you don't have a recession.

[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

Sound money and free banking are not impossible; they are merely illegal.

The goal [is] not only to earn high returns at the top of the cycle but also to avoid giving them back at the bottom.

When you're in a commodity business, the only way to thrive is to be a low-cost producer. And when you're selling money, you're in a commodity business.

This crisis started probably due to the freedom they gave to the banks. First President [Ronald] Reagan and then President [Bill] Clinton. So, for [Barack] Obama it is extremely difficult to change now, to find a way to organize this banking system [differently].

Bankers regard research as most dangerous a thing that makes banking hazardous due to the rapid changes it brings about in industry.

Think well of yourself and others will too. Unless those others are in government, banking, or show business.

Our banking system grew byaccident; and wherever something happens byaccident, it becomes a religion.

Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.