At the heart of banking is a suicidal strategy. Banks take money from the public or each other … - James Buchan

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I was too lazy to start a whole new story, so I just stuck a princess into the story I was working on. . . and The Princess Diaries was born!

James Buchan

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 aid.

Heart, Insecure, Loans, Lock, Suicidal

Same Author Quotes

Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.

Class, Devil, Financial, Markets, Today

Almost all novels are improved by cutting from the top. On their first pages, authors parade those favourite effects which disgust the impartial reader.

Cutting, Effects, Firsts, Improved, Pages, Reader

To make a love story, you need a couple of young people, but to reflect on the nature of love, you're better off with old ones. That is a fact of life and literature - and of the novel ever since it fell in love with love in the 18th century.

18Th, Couple, Love You, Nature, People, Story

Life without oil, in fact, would be so different that it is frightening to contemplate. We are addicted, and it is no comfortable addiction.

Addicted, Addiction, Different, Fact, Life, Oil

When Gordon the Brown, in London in 1997, commissioned a great inquisition or survey of his new realm, the result was the so-called national asset register, which was immediately dubbed by the boomers of the UK Treasury 'the modern Domesday Book. '

Book, Inquisition, London, Modern, National