Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008.
I do remember that I was very relieved that I did not have to go into a bank with them. I had, as you recall, I had already been brought into a bank before and it was better to be sitting outside.
If a bank is robbed by one of its employees, do you think the bank is corrupt? I don't think so. I think it's a victim.
Banking doesn’t involve fraud, banking IS fraud. (from video by Paul Grignon done for United Financial Consumers (2002) ) (Added to goodreads by Mike Tobin)
The river of my village doesn’t make you think about anything. When you’re at its bank you’re only at its bank.
I founded Grameen Bank to provide loans to those considered traditionally unbankable. Grameen Bank works with the poorest and often illiterate, providing uncollateralized micro-loans for tiny business enterprises by which they can lift themselves and...
There's a lot of work being done through the innovation arm of the World Bank, at the World Bank Institute. There's a lot of work that we at the Rockefeller Foundation are doing and funding towards that end, and increasingly, the U.S. government is g...
Make the most of online banking to make your life easier and keep your finances organized. Online banking is great because it offers quick, easy, 24-hour access to your checking and savings accounts.
I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function.
Let's not forget, it was the government, Department of Finance and Central Bank that decided to unfairly land the taxpayers of this country with unmitigated losses of Anglo and massive legacy issues that would have been expected when nationalising a ...
There is a very strong linkage between U.S. banks and European banks. There are plenty of European employees that are employed by U.S. companies, and there are plenty of U.S. employees that are employed by European companies.
Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long time were major creditors for Greece and Greek banks.
At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.
Banks hold deposits and savings entrusted to them by individuals, by businesses, by governments and by central banks. They put that money to work, helping people to buy homes, for example, or lending to businesses to invest in expansion.
Rather than going through a commercial banking training program, at the first bank I ever worked in, I was the chairman. And it was my own money, so we loaned it out like it was my own money.
At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public ai...
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.
It is home schooling that is rejecting a narrowness. It is not a radical value system; it's actually quite conservative.
I'm not a very good advertisement for the American school system.
Good scientists will fight the system rather than learn to work with the system.
