Quotes and Sayings About Banking
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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 -
Indeed, better risk management may be the only truly necessary element of success in banking.
-- Alan Greenspan -
The main thing that I learned about conspiracy theory, is that conspiracy theorists believe in a conspiracy because that is more comforting. The truth of the world is that it is actually chaotic. The truth is that it is not The Iluminati, or The Jewish Banking Conspiracy, or the Gray Alien Theory. The truth is far more frightening - Nobody is in control. The world is rudderless.
-- Alan Moore -
Altough we all realize that monotony is boring, almost every form of industrial work- banking, accounting, mass-producing, service- is monotonous, and most people are paid for simply putting up with monotony
-- Alan Watts -
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... preliminary accounting, banking and surveying (known as arithmetic, algebra and geometry).
-- Alan Watts -
Is this complicated, risky [banking] system the best we can have?
-- Anat R. Admati -
The politics of banking is bad everywhere, including UK. Eurozone has more problems, unhealthy symbiosis.
-- Anat R. Admati -
Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
-- Ben Bernanke -
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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.
-- Ben Bernanke -
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 -
Anything that benefits the public and not just big banking, that's what I'm with.
-- Big BoiSource : "Grammy Award-Winning Rapper Big Boi: I Didn't Vote For Obama - I'm A Libertarian". Interview with Alyona Minkovski, www.newsbusters.org. January 12, 2013.
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I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.
-- Bill Lipschutz -
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Banks get in trouble for one reason: They make bad loans.
-- Carl Webb -
Bankers regard research as most dangerous a thing that makes banking hazardous due to the rapid changes it brings about in industry.
-- Charles Kettering -
My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking.
-- Douglass North -
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.
-- Duff McDonaldSource : Duff McDonald (2009). “Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase”, p.151, Simon and Schuster
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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.
-- Duff McDonaldSource : Duff McDonald (2009). “Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase”, p.235, Simon and Schuster
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The increase in the assets of the Federal Reserve Banks from 143 Million dollars in 1913 to 45 Billion dollars in 1949 went directly to the private stockholders of the [Federal Reserve] banks.
-- Eustace MullinsSource : Eustace Clarence Mullins (2013). “The Study of The Federal Reserve and Its Secrets”, p.180, Simon and Schuster
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The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.
-- Frederick Soddy -
My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business.
-- Frederick W. Smith -
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A people... who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything.
-- George Washington -
The short-term international capital market is shrunken and erratic, and cannot be relied upon to cushion the effects of tendencies to disequilibrium in the balance of payments.
-- Gunnar Myrdal -
Sound money and free banking are not impossible; they are merely illegal.
-- Hans F. Sennholz -
Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess
-- Irving Fisher -
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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.
-- Jamie Dimon -
Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.
-- Jamie Dimon -
You don't run a business hoping you don't have a recession.
-- Jamie Dimon -
I would like to believe in an afterlife; it makes things more palatable. But I'm not banking on it.
-- Jarvis Cocker -
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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.
-- Jean-Francois CopeSource : "Can Jean-François Copé save France from anti-Muslim extremism?" by Angelique Chrisafis, www.theguardian.com. March 24, 2011.
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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.
-- Jim KeithSource : Jim Keith (2003). “Mass Control: Engineering Human Consciousness”, p.14, Adventures Unlimited Press