Quotes & Sayings About Banking Industry

In France, this general climate of distrust toward private capitalism was deepened after 1945 by the fact that many members of the economic elite were suspected of having collaborated with the German occupiers and indecently enriched themselves during the war. It was in this highly charged post-Liberation climate that major sectors of the economy were nationalized, including in particular the banking sector, the coal mines, and the automobile industry. The Renault factories were punitively seized after their owner, Louis Renault, was arrested as a collaborator in September 1944. — Anonymous

The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for ... This situation, however, is what acutely prevents the Internet from taking off as a network for paid services. — Erik Naggum

The majority of America's colossal fortunes have been made by entering industries in their early stages and developing leadership in them ... Think of what opportunities the present and the future contain in such fields as ship-building and ship-owning, aircraft, electrical development, the oil industry, different branches of the automotive industry, foreign trade, international banking, invention, the chemical industry, moving pictures, color photography, and, one night add, labor leadership. — B.C. Forbes

And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes. — Debbie Wasserman Schultz

When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934. — Gary Weiss

As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling. — Arjun Rampal

If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That's why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done. — Peter Thiel

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. — Jon Ronson

Are there a lot of designers that matter? The industry hasn't got a litmus test any more. The whole thing has imploded. Watch it die, like the banking industry — Louise Wilson

In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry. — Abdul Aziz Al Ghurair

Welfarism and excessive spending and deficits and socialism divide us, because everybody has to go to Washington. Those who have the biggest clout, whose who are the best lobbyists, those who go and they grab. And whether it's the medical industrial complex, or the banking industry, or the military industrial complex, that's who ends up controlling our government. — Ron Paul

I particularly remember the time I gave (the research director) my paper on the banking industry. I felt very proud of my work. However, he read through it and said, 'This is useless. What makes the stock go up and down?' That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock's price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don't know what makes their particular stocks go up and down. — Stanley Druckenmiller

Alwasy remember ... We are engaged in a battle for the continuation of
our capitalist, free-market economic model; our way of life; and our
liberty. The enemy is anticapitalist, believes in big government, embraces
collectivist ideologies, and has, over the past century, infiltrated every
level of our government and most of the banking industry. They don't care about patriotism, although they may sport the red, white, and
blue and the stars and stripes on their bumper stickers. They don't
care about personal responsibility or civic duty. They don't share your
sense of honor. All they care about is power and control over your
money and every aspect of your life. — Ziad K. Abdelnour

The Crusaders lead to the Knights Templar; the Knights Templar lead to the Masons; and the Masons lead to the Shriners, a secret society that controls world government, toys with our banking system, and single-handedly keeps the fez industry afloat. — Stephen Colbert

The reform of state industry, and most directly related to that, the banking sector, is enormously daunting. — William Kirby

The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous. — Lucy Moore

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

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks. — Warren Buffett

We need to take away the government's money power. The banking industry needs its welfare check ended. The dollar's soundness depends on its being untied from the machine that can make an infinite number of copies of dollars and reduce their value to zero. — Ron Paul

But at some point, you know that you know what poem keeps going through my mind is, "first they came for the Jews." People, all of us, are like, "Well, this news doesn't really affect me." "Well, I'm not a bondholder." "Well, I'm not in the banking industry." "Well, I'm not a big CEO." "Well, I'm not on Wall Street." "Well, I'm not a car dealer." "I'm not an auto worker." Gang, at some point, they're going to come for you! — Glenn Beck

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things. — Wilbur Ross

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management. — Peter Schiff

There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions. — Wilbur Ross

It's been said that love is all there is; that a lack of love causes people to do evil things. I can buy that. Take it a step further: capitalism, by itself, is not a bad thing; but when taken to an extreme, as it has been in America - when Christmas is but a measuring stick for how well the economy is doing, when Wall Street and the banking industry turn nescient heads to morality in pursuit of the Almighty Dollar, when love of money overshadows love of self and others - what then?
In the grand scheme of the universe - whatever that scheme may be - when one considers its immensity, that it has existed for billions of years, some of us realize how insignificant our seventy or eighty years is; while others, for whatever reason (selfishness?) pursue materialism to a vulgar degree. In the end, what does all that matter, really?
It's nice to spoil oneself from time to time; but really, life's true gift to oneself is doing and giving to others. That's love. — J. Conrad Guest, Novelist

Was a book by Arthur Raistrick called Quakers in Science and Industry and I glanced through it for a few minutes, then carried it to a nearby chair and sat reading for about half an hour, so unexpectedly absorbed did I become. I hadn't realized it, but Quakers in the Darbys' day were a bullied and downtrodden minority in Britain. Excluded from conventional pursuits like politics and academia, they became big in industry and commerce, particularly, for some reason, in banking and the manufacture of chocolate. The Barclays and Lloyds banking families and the Cadburys, Frys, and Rowntrees of chocolate renown were all Quakers. They and many others made Britain a more dynamic and wealthy place entirely as a consequence of being treated shabbily by it. It had never occurred to me to be unkind to a Quaker, but if that's what it takes to get the country back on its feet again, I am prepared to consider it. - — Bill Bryson

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country. — Adam Smith