Community banks are a crucial part of our economy and the fabric of our society. — Jerome Powell
I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble. — Harvey Goldsmith
The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data. — Jerome Powell
I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble. — Earl Warren
By fostering the economic health and vitality of local communities throughout the country, community banks play a central role in our national economy. — Jerome Powell
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
The bank hath benefit of interest on all moneys which it creates out of nothing. — William Paterson
Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest rates as cheap as possible. — Max Keiser
The process by which banks create money is so simple that the mind is repelled. — John Kenneth Galbraith
And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place. — Dick Durbin
A bank is a place that will lend you money if you can prove that you don't need it. — Bob Hope
There is definitely a lot of banks that are interested in private blockchains. In some cases, they are happy with public blockchains as well. — Vitalik Buterin
Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back. — Josiah Stamp
Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. — Jerome Powell
Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special skills that these institutions bring to their customers. — Jerome Powell
Bank Quotes
If the environment were a bank, it would have been saved by now — Bernie Sanders
I am a forest, and a night of dark trees: but he who is not afraid of my darkness, will find banks full of roses under my cypresses. — Friedrich Nietzsche
Dress suitably in short skirts and sitting boots, leave your jewels and gold wands in the bank, and buy a revolver. — Constance Markievicz
Each day of our lives we make deposits in the memory banks of our children. — Charles R. Swindoll
When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it. — Frederic Bastiat
Don’t be overwise; fling yourself straight into life, without deliberation; don’t be afraid - the flood will bear you to the bank and set you safe on your feet again. — Fyodor Dostoevsky
Each day of our lives we make deposits in the memory banks of our children.
Rockefeller and his associates did not build the Standard Oil Co. in the board rooms of Wall Street banks. They fought their way to control by rebate and drawback, bribe and blackmail, espionage and price cutting, by ruthless efficiency of organization. — Ida Tarbell
I want to rob a bank with a BB gun. "Give me all your money or I will give you a dimple! I will be rich, you will be cute. We both win." — Mitch Hedberg
A jump shot can get you a shoe deal, a big house, a supermodel, fancy cars, a bunch of yes men, a Swiss bank account. But none of these things can get you a jump shot — Allen Iverson
Americans' right to free speech should not be proportionate to their bank accounts. — Bernie Sanders
Bank Loan Quotes
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. — James Chanos
China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks. — Virginia Foxx
Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring. — John Adams
Your diet is a bank account, good food choice are good investments.
Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame. — Muhammad Yunus
Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently. — James Grant
Faith is like private capital, stored in one's own house. It is like a public savings bank or loan office, from which individuals receive assistance in their days of need; but here the creditor quietly takes his interest for himself. — Johann Wolfgang von Goethe
The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks. — Bernie Sanders
And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that. — Michael Bloomberg
You can always make a loan at a bank if you can show sufficient evidence that you don't need it. — Evan Esar
In the simplest sense, the key to the performance of any traditional commercial bank ... is the profitability of the loans it makes. — Robert G. Wilmers
Banking System Quotes
You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning. — Andrew Jackson
Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation. — Max Keiser
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Henry Ford
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. — Max Keiser
You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out. — Andrew Jackson
The few who understand the system, will either be so interested from it's profits or so dependent on it's favors, that there will be no opposition from that class. — Mayer Amschel Rothschild
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks. — Jerome Powell
Bitcoin exchanges are run by people who learned fiat finance. Gambling with depositors' money is normal & healthy for them, because in the fiat system the central bank destroys the currency to bail them out every time it goes wrong. — Saifedean Ammous
A graphic representation of data abstracted from the banks of every computer in the human system. Unthinkable complexity. Lines of light ranged in the nonspace of the mind, clusters and constellations of data. Like city lights, receding. — William Gibson
My agency in promoting the passage of the National Banking Act was the greatest mistake of my life. It has built up a monopoly which affects every interest in the country — Salmon P. Chase
Two particular technological advancements would move Europe and the world away from physical coins and in turn help bring about the demise of silver's monetary role: the telegraph, first deployed commercially in 1837, and the growing network of trains, allowing transportation across Europe. With these two innovations, it became increasingly feasible for banks to communicate with each other, sending payments efficiently across space when needed and debiting accounts instead of having to send physical payments. This led to the increased use of bills, checks, and paper receipts as monetary media instead of physical gold and silver coins. More nations began to switch to a monetary standard of paper fully backed by, and instantly redeemable into, precious metals held in vaults. — Saifedean Ammous
It was in the city-states that humans could live with the freedom to work, produce, trade, and flourish, and that was to a large extent the result of these city-states adopting a sound monetary standard. It all began in Florence in 1252, when the city minted the florin, the first major European sound coinage since Julius Caesar's aureus. Florence's rise made it the commercial center of Europe, with its florin becoming the prime European medium of exchange, allowing its banks to flourish across the entire continent. Venice was the first to follow Florence's example with its minting of the ducat, of the same specifications as the florin, in 1270, and by the end of the fourteenth century more than 150 European cities and states had minted coins of the same specifications as the florin, allowing their citizens the dignity and freedom to accumulate wealth and trade with a sound money that was highly salable across time and space, and divided into small coins, allowing for easy divisibility. — Saifedean Ammous
Hey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done. — Amy Poehler
Someone has to borrow every dollar we have in circulation, cash or credit. — Robert W. Hemphill
Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs. — John Gutfreund
The person who writes the bank's commercials is not the person who makes the loans. — Kurt Vonnegut
Was there ever such an autumn? And yet there was never such a panic and hard times in the commercial world. The merchants and banks are suspending and failing all the country over, but not the sandbanks, solid and warm, and streaked with bloody blackberry vines.You may run upon them as much as you please--even as the crickets do, and find their account in it. They are the stockholders in these banks, and I hear them creaking their content. — Henry David Thoreau
Our Government is committed to pursuing policies and programs which facilitate a further lowering of the interest rates in order to fuel investment and growth. We call on the commercial banks to partner with us in this effort. — Said Musa
The first interview I went on I got at age 5. It was a commercial for First Federal Bank. — Erin Moran
You know policy is driven purely in self interest. The Federal Reserve Bank and the commercial banks and the Wall Street banks are not acting in the interests of the population at large, they're acting purely in their own self-interest, which is a shame because they're actions dictate the reality for 300 million Americans. But they don't see it that way, they see it only as a way to preserve their own self-interest. — Max Keiser
As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you." — Jamie Dimon
Our commercial bank [JPMorgan] is only in the U.S. We are serving what you call SMEs - small businesses, private companies. — Jamie Dimon
JPMorgan Chase are among the most successful global investment banks, most successful global asset managers, and, in the United States, one of the most successful retail and commercial bankers. We do a great job for customers. — Jamie Dimon
JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too. — Jamie Dimon
If the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us. — Jamie Dimon
Its not that Monsanto is making money out of the blue. Its making money by coercing and literally forcing people to pay for what was free. Take water, for instance. Water has always been free. Weve never paid for drinking water. The World Bank says the reason water has been misused is because it was never commercially priced. But the reason its been misused is because it was wasted by the big usersindustry, which polluted it. — Vandana Shiva
Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky. Hence few value investors will own the shares of technology companies. Many also shun commercial banks, which they consider to have unanalyzable assets, as well as property and casualty insurance companies, which have both unanalyzable assets and liabilities. — Seth Klarman
If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it. — Irving Fisher
The commercialism of yoga, the commercialism of Ayurveda, the commercialism of guru-ism, is difficult. It's difficult because it confuses, it confuses the general populations as to what this is all about, but yet those of us who are trained within a certain tradition, who trained from the ancestral gene bank, so to speak, it is fine, it's not bothersome at all because we must live. — Maya Tiwari
Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities. — Ben Bernanke
The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down. — Hilaire Belloc
The mantra of the National Commercial Bank is 'building a better Jamaica.' If this bank is going to be everlastingly successful, it has to take on the ailments of this society. — Michael Lee-Chin
The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency — Gary North
There was reason for STILLMAN'S EXTREME SECRECY. HE WAS PREPARING TO EXTEND THE CITY BANK'S POWER OVER THE EARTH AND FULLY RECOGNIZED THAT THIS AMBITION WOULD DRAW HIM INTO THE WEB OF INTERNATIONAL COMMERCIAL INTRIGUE AND ESPIONAGE — George B. Cortelyou
At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money." — Murray Rothbard
The Trilateralist Commission is international...(and)...is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateralist Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power - political, monetary, intellectual, and ecclesiastical. — Barry Goldwater
In Conclusion
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