Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.
The process by which banks create money is so simple that the mind is repelled.
I was interested in this relationship between the armed robber and the banker who were from different worlds but had similar goals. It was kind of a metaphor for this larger marriage of the banks selling off their debt and these street guys scrapping over it.
Every dollar that is printed should not represent a debt to private bankers. It should represent an investment potential in the common good, in the common needs of our country.
Every banker knows that if he has to prove he is worthy of credit, in fact his credit is gone.
Research suggests that investment bankers are more prone to commit fraud when they feel the competitor at their heels.
Because bankers measure their self-worth in money, and pay themselves a lot of it, they think they're fine fellows and don't need to explain themselves.
If you're an original thinker, you are going get told 'no' a lot, and you have to be able to hear 'no' many times from the bankers and trust that at some point, someone is going to recognize that you are an artist and not a can of soda.
Both HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued.
Nothing but widespread suffering will produce any effect on Congress
The last duty of a central banker is to tell the public the truth.
The banker rubs his nose, thinking of his cat stalking something on the lawn.
The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we were rigorously and intelligently screened. They bankers cared and wanted to protect their clients. The culture now is that anything that can be sold for a profit will be. 'Can you sell it?' is the moral test, and that's not an adequate test.
When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.
The Illuminati bankers rule the world through debt, which is money they create out of nothing. They need world government to ensure no country defaults or tries to overthrow them. As long as private bankers, instead of governments, create money the human race is doomed. These bankers and their allies have bought everything and everyone.
What the Spanish War began the World War accomplished: America became the world's banker and ceased to be the world's pioneer!
I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again
I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the advantages of the systemic category.
Having worked at four separate Wall Street firms, having seen a variety of talent at those places, and having competed against Goldman as a banker, one thing you have to be struck by is the power of their recruiting.
Money powers prey upon the nation in times of peace & conspire against it in times of adversity.