Earmarking In Banking Quotes

Banking-as-a-Service (BaaS) is a new model of banking based on cloud computing structures of digital banking. ~ Chris Skinner

A healthy Banking system is one of the vital parts of a nation's foundation. ~ Hendrith Smith

The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky. ~ James Surowiecki

In the U.S. more than any other place, the banking system is insane. Millions of Americans lost their houses. Because of what? Because of the banking system. This American banking system is also coming to Europe. We can say today that the banks and high financiers run the world. ~ Costa-Gavras

The banking institutions, my friends, are sailing under false colours. They are running with the hare and hunting with the hounds. And we should never forget it. ~ Karl Wiggins

It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary. ~ Ludwig Von Mises

It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation. ~ Henry Paulson

They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems. ~ Joseph Stiglitz

In banking or insurance trust is the only thing you have to sell. ~ Patrick Dixon

Banking is necessary - banks are not. ~ Bill Gates

I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe. ~ Jerome Kerviel

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

The world needs banking but it does not need banks. ~ Bill Gates

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system. ~ Murray Rothbard

Banking is a branch of the information business. ~ Walter Wriston

Von Pein's family was a little known, but highly influential entity within American banking circles. Banking Royalty, some called it. His grandfather had been one of the chief orchestrators of the Federal Reserve Act of 1913, which effectively took ownership of the bank from the American people. ~ James Morcan

Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation. ~ Llewellyn Rockwell

Advances in digital banking will not eliminate the branch, they will allow for more creative ways to help clients achieve financial wellbeing. ~ Hendrith Smith

Preliminary accounting, banking and surveying (known as arithmetic, algebra and geometry). ~ Alan Watts

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less. ~ John Kenneth Galbraith

I would like to believe in an afterlife; it makes things more palatable. But I'm not banking on it. ~ Jarvis Cocker

The reform of state industry, and most directly related to that, the banking sector, is enormously daunting. ~ William Kirby

There have been three great inventions since the beginning of time: fire, the wheel, and central banking. ~ Will Rogers

I do think that the banking system is now in the most perilous state we've seen in over 70 years. ~ Nigel Farage

I happen to know a bit about banking. ~ Justin Welby

I'd make banks more accountable. I think they should separate totally the personal banking arm with whatever else they are playing around with. ~ Anne Robinson

At its core, banking is not simply about profit, but about personal relationships. ~ Felix Rohatyn

My father invested his money so securely in the banking business that he was never able to get any of it out again. ~ Thomas Bailey Aldrich

In Mexico, a network of government-operated rural convenience stores is offering banking services to rural communities. ~ Sylvia Mathews Burwell

Every major war in American history, except the Mexican and Spanish-American, has either led to central banking or resulted from it. Central banking and government have a symbiotic relationship that is often mediated by war. Central banking gives government a way to tap the productive power of the private sector and borrow from the future without the need to rely overmuch on unpopular tax increases. Government gives central banking the extreme profits that derive from immense borrowing to finance wars and other government projects. ~ Mark David Ledbetter

Anything that benefits the public and not just big banking, that's what I'm with. ~ Big Boi

I don't know what happens to you after you die. I'm not banking on there being, like, a heaven. ~ Al Franken

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things. ~ Wilbur Ross

The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world, ~ Michel Chossudovsky

I doubt if there is any occupation which is more consistently and unfairly demeaned, degraded, denounced, and deplored than banking. ~ William Proxmire

Capital is kind of a banking concept. ~ Paul Singer

Think well of yourself and others will too. Unless those others are in government, banking, or show business. ~ Bob Saget

Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk. ~ Christine Lagarde

Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed. ~ George Soros

Although the United States, with its unit banking laws, had thousands of bank failures, Canada, which permitted branch banking, didn't have a single failure during the Great Depression. ~ Jim Powell

For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.'s - I didn't see any of that coming until it happened. ~ Janet Yellen

Let's be honest: the trappings of investment banking are quite tempting. I do miss it sometimes. And to be honest, there was a time I'd read the 'WSJ' in the morning, and for years I have done that. ~ Chetan Bhagat

The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time. ~ Ben Bernanke

My grandmother got her law degree from Syracuse University in roughly 1911 and later co-founded with her husband an investment banking firm on Wall Street known as Lebenthal & Co. ~ H. G. Bissinger

Our approach to banking is very different from the traditional banks or even some of the new banks. We do not necessarily go out and write single-cheque, large-ticket loans. ~ Uday Kotak

There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them. ~ Robert F. Engle

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management. ~ Peter Schiff

I believe entertainers should know what's going on and do their own banking. ~ Stephanie Mills

The zeal of the stupid in her, Chris began turning pages as if it were the winter solstice gift catalog, earmarking pages and cooing in delight at the new possibilities. ~ Kim Harrison

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) ~ Tim Madden

There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions. ~ Wilbur Ross

Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition. ~ Muhammad Yunus

In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down. ~ Roger Altman

Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich. ~ Nassim Nicholas Taleb

The politics of banking is bad everywhere, including UK. Eurozone has more problems, unhealthy symbiosis. ~ Anat R. Admati

Myth: Feeding the banking sector gobs of welfare cash will bring about a recovery. Fact: Our leaders are only dedicated to preserving power ~ Ziad K. Abdelnour

Banking types should take their cue from Gordon Gekko. Or pick the best-looking banker in their firm and copy him. ~ Tom Ford

The Federal Reserve bank buys government bonds without one penny ... ~ John C. Danforth

Banking is very good business if you don't do anything dumb. ~ Warren Buffett

Time and again we've seen that reducing poverty comes down to economic opportunity-not just connecting the poor to services like banking, but ensuring they can be producers on fair terms in the global economy. ~ Leila Janah

If I had quietly retired as governor in 2007 and went into banking or something of that nature, I would have been, at most, a footnote in the story and probably never mentioned. ~ Mike Huckabee

It's Obama's bad luck that he got elected just as the mayhem of the foreclosures, the banking collapse, and the General Motors disaster was accelerating the surge in unemployment to warp speed. ~ Tina Brown

I don't like the anonymity of the banking process - people now don't have a bank manager they ever meet. ~ Anne Robinson

Food banking as well as other antihunger programs do a good job of managing poverty by alleviating its worst symptom, hunger. ~ Mark Winne

Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound. ~ Ben Bernanke

Sound money and free banking are not impossible; they are merely illegal. ~ Hans F. Sennholz

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. ~ Llewellyn Rockwell

Without deposit banking modern economies would be impossible. Banks are not only a means of safeguarding money, but also a method of maintaining a constant and energetic flow of capital within a complex economy. Without deposit banking money that is saved is hidden away and removed from the economy - it does nothing except preserve its original worth. Deposit banking, however, allows saved money to be loaned and invested, thereby producing more wealth. ~ Thomas F. Madden

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. ~ Lawrence Summers

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent. ~ Nouriel Roubini

The dominion which the banking institutions have obtained over the minds of our citizens ... must be broken, or it will break us. ~ Thomas Jefferson

Banking gives you a glimpse into what makes companies succeed and what makes companies fail. ~ Sally Jewell

Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with Austria's banking system. There's all sorts of interplays there. So it's not the PIIGS one should worry about. Germany hasn't even begun falling yet. And when Germany falls, and it will, that's when the panic begins to set in. ~ George Friedman

Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks. ~ Judd Gregg

Brokerage firms and their executives cannot use threats regarding research activities as a way to obtain investment banking business. The threat to drop research coverage if Piper were not selected as the lead underwriter for a secondary offering was totally inappropriate and undermines the integrity of the market. ~ Mary Schapiro

Savers have to be punished so debtors can be saved.

Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.

And why is that important? Because the banking system needs ever more loans in order to survive. ~ Chris Martenson

In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are using their mobile phones. ~ Maurice Levy

I've never categorically been a banker. I had two internships while I was at university. The decision was more banking, or magic, and I went with the latter. ~ Drummond Money-Coutts

Earmarks do not add spending the budget anymore than choosing to purchase a box of pasta instead of a pound of bananas (i.e., earmarking funds for pasta) adds to one's bill at the supermarket. ~ Sean Kelly

With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans who don't have basic banking services because there are almost no banks or bank branches in their neighborhoods. ~ Elizabeth Warren

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk. ~ Uday Kotak

My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business. ~ Frederick W. Smith

We are overdone with banking institutions, which have banished the precious metals, and substituted a more fluctuating and unsafe medium ... These have withdrawn capital from useful improvements and employments to nourish idleness ... These are evils more easily to be deplored than remedied. ~ Thomas Jefferson

Someone has to borrow every dollar we have in circulation, cash or credit. ~ Robert W. Hemphill

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 Keith

It's natural that you'd have more brains going into money management. There are so many huge incomes in money management and investment banking - it's like ants to sugar. There are huge incentives for a man to take up money management as opposed to, say, physics, and it's a lot easier. ~ Charlie Munger

We don't have a good legal justification for breaking up the banking system. But if I could wave a magic wand, I'd break up the banking system. ~ Kenneth C. Griffin

By the 1890s, the leading Wall Street bankers were becoming increasingly disgruntled with their own creation, the National Banking System ... while the banking system was partially centralized under their leadership, it was not centralized enough. ~ Murray Rothbard

I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I'll be all right; I've got a few veg. ~ Margaret Drabble

I thought that I would have a huge literary novel coming out when I was, like, 29. I quit my banking job, and I was halfway through my second novel - and I will never publish it, because it's very mediocre. ~ Philipp Meyer

It's good to have a special price to pay for the future and it will pay you in return, in the exact way you would wish to be paid. ~ Auliq Ice

The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track. ~ Suze Orman

Those who say don't know, those who know don't say ~ Michael Lewis

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. ~ Gerald J. Ford

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

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. ~ Frederick Soddy

The stuff that's going on is just so over-the-top, with the banking crisis and destroying the Gulf of Mexico, and the outrage hasn't quite caught up with the people yet. But when it does, I think you're going to see really virulent anti-authoritarian kind of comedy coming out. ~ Adam McKay

Banking technology has made it simple and efficient to invest in good causes. ~ Mark Skousen

The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens. ~ Thomas Jefferson

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. ~ Charlie Munger