Famous Quotes & Sayings

Quotes & Sayings About Finance And Banking

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Finance And Banking Quotes By Holger Eckhertz

It is overlooked, perhaps forgotten, by almost everyone today that we were there to defend Europe against the multiple threats represented by the Allies. We saw the British as an outdated Imperial force, organised by freemasons, who sought to turn the clock back one hundred years to the days when their word was the law around the world. Why should they be entitled to install their freemason puppet, De Gaulle, in France, to rule as a proxy? The Vichy government had three consistent points in its propaganda regarding the threats to the French people: these were De Gaulle, freemasonry and communism. As for the American state, we perceived that as controlled by the forces of international finance and banking, who wished to abolish national governments and have the world run by banks and corporations. — Holger Eckhertz

Finance And Banking Quotes By Guy Kawasaki

An MBA is a great degree for career paths like investment banking, finance, consulting, and large companies. An MBA is not necessarily the right path for starting a tech company. You should be building a prototype, not getting an MBA in that case. — Guy Kawasaki

Finance And Banking Quotes By Zia Haider Rahman

As I gather my thoughts here in order to get to the point, I am reminded of a joke Zafar made when he was still in banking. I say joke, but Zafar was always rather serious about banking and often talked about accountability, as he called it. This stuff is so esoteric, he once said, that the only people who understand it are in the business. What about regulators? I asked. Regulators, he replied, have one eye on the revolving door. Academics make money teaching traders their latest research, and politicians don't know their arses from their elbows. Can you imagine the people on a march against finance? The guy on a megaphone shouting: What do we want? And everyone answering: Specific curbs on short selling in certain circumstances. When do we want it? In phases and at appropriate times. That's the joke. It was funny at the time. — Zia Haider Rahman

Finance And Banking Quotes By Gary Weiss

For Randy Neugebauer, the Texas Republican who chairs the investigations subcommittee, the top sources of funding for his 2012 reelection campaign are from the insurance, banking, finance, securities and real estate industries. — Gary Weiss

Finance And Banking Quotes By Martin Mayer

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

Finance And Banking Quotes By Nassim Nicholas Taleb

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending — Nassim Nicholas Taleb

Finance And Banking Quotes By Janet Yellen

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions. — Janet Yellen

Finance And Banking Quotes By James Grant

Progress is cumulative in science and engineering, but cyclical in finance. — James Grant

Finance And Banking Quotes By Charlie Munger

There's more honor in investment management than in investment banking. — Charlie Munger

Finance And Banking Quotes By Chris Martenson

Savers have to be punished so debtors can be saved.

Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.

And why is that important? Because the banking system needs ever more loans in order to survive. — Chris Martenson

Finance And Banking Quotes By David Graeber

The International Monetary Fund basically acted as the world's debt enforcers - "You might say, the high-finance equivalent of the guys who come to break your legs." I launched into historical background, explaining how, during the '70s oil crisis, OPEC countries ended up pouring so much of their newfound riches into Western banks that the banks couldn't figure out where to invest the money; how Citibank and Chase therefore began sending agents around the world trying to convince Third World dictators and politicians to take out loans (at the time, this was called "go-go banking"); how they started out at extremely low rates of interest that almost immediately skyrocketed to 20 percent or so due to tight U.S. money policies in the early '80s; how, during the '80s and '90s, this led to the Third World debt crisis; how the IMF then stepped in to insist that, in order to obtain refinancing, poor countries would be obliged to abandon price supports on — David Graeber

Finance And Banking Quotes By Jean Chatzky

Web banking lets you monitor your spending, tweak your budget, schedule payments, and more, particularly if you marry your online bank with the personal-finance management tools available online. — Jean Chatzky

Finance And Banking Quotes By Benjamin Tucker

It is not competition, but monopoly, that deprives labor of its product. Destroy the banking monopoly, establish freedom in finance, and down will go interest on money through the beneficent influence of competition. Capital will be set free, business will flourish, new enterprises will start, labor will be in demand, and gradually the wages of labor will rise to a level with its product. — Benjamin Tucker

Finance And Banking Quotes By Liaquat Ahamed

Nothing brings home the fragility of the banking system or the potency of a financial crisis more vividly than writing about these issues from the eye of the storm. Watching the world's central bankers and finance officials grappling with the current situation - trying one thing after another to restore confidence, throwing everything they can at the problem, coping daily with unexpected and startling shifts in market sentiment - reinforces the lesson that there is no magic bullet or simple formula for dealing with financial panics. — Liaquat Ahamed

Finance And Banking Quotes By John Steele Gordon

Genealogy of American Finance is a treasure trove of information on American banking and its history, in an unusual
and unusually useful
format. — John Steele Gordon

Finance And Banking Quotes By Stephen Harper

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada. — Stephen Harper

Finance And Banking Quotes By Paul Krugman

It was only with the crisis that debt soared.
Yet many Europeans in key positions - especially politicians and officials in Germany, but also the leadership of the European Central Bank and opinion leaders throughout the world of finance and banking - are deeply committed to the Big Delusion, and no amount of contrary evidence will shake them. As a result, the problem of dealing with the crisis is often couched in moral terms: nations are in trouble because they have sinned, and they must redeem themselves through suffering.
And that's a very bad way to approach the actual problems Europe faces. — Paul Krugman

Finance And Banking Quotes By Adam McKay

I'm not against banking. Banking allowed our modern society to happen, it is essential. It connects the work through finance, so banking is good. — Adam McKay

Finance And Banking Quotes By William J. Clinton

It's important that the American people understand that President has proposed and passed this stimulus plan not as the end-all and be-all to our economic woes but as our bridge over troubled water until we get the finance system, the banking system working again. — William J. Clinton

Finance And Banking Quotes By Boris Brasol

The full history of the interlocking participation of the Imperial German Government and international finance in the destruction of the Russian Empire is not yet written ... It is not a mere coincidence that at the notorious meeting held at Stockholm in 1916, between the former Russian Minister of the Interior, Protopopoff, and the German Agents, the German Foreign Office was represented by Mr. Warburg, whose two brothers were members of the international banking firm, Kuhn, Loeb and Company, of which the late Mr. Jacob Schiff was a senior member. — Boris Brasol

Finance And Banking Quotes By Lucy Moore

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

Finance And Banking Quotes By Steve Keen

If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money.
How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings ... — Steve Keen

Finance And Banking Quotes By William Greider

In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims. — William Greider

Finance And Banking Quotes By Karl Marx

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. — Karl Marx

Finance And Banking Quotes By G. Edward Griffin

In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total. — G. Edward Griffin

Finance And Banking Quotes By A.D. Aliwat

I make 2+2=5, and I get to keep the remaining 1 that's not really there. I truly am a Master of the Universe. I don't just do "God's work," as our CEO once put it, it's more like I've actually become a god myself. — A.D. Aliwat

Finance And Banking Quotes By Michael Lewis

Those who say don't know, those who know don't say — Michael Lewis

Finance And Banking Quotes By Liaquat Ahamed

Monetary policy does not work like a scalpel but more like a sledgehammer. — Liaquat Ahamed

Finance And Banking Quotes By Mark David Ledbetter

Every major war in American history, except the Mexican and Spanish-American, has either led to central banking or resulted from it. Central banking and government have a symbiotic relationship that is often mediated by war. Central banking gives government a way to tap the productive power of the private sector and borrow from the future without the need to rely overmuch on unpopular tax increases. Government gives central banking the extreme profits that derive from immense borrowing to finance wars and other government projects. — Mark David Ledbetter

Finance And Banking Quotes By Franklin D. Roosevelt

For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up. We had to struggle with the old enemies of peace
business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob. — Franklin D. Roosevelt