Archive for the ‘finance’ Category

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Franklin Roosevelt: Bankers Incompetence

Posted by admin on Friday, July 8, 2016

Franklin Delano Roosevelt Money Quote saying the untrustworthy bankers are unwisely speculating and writing bad loans. Franklin Delano Roosevelt said:

Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and unwise loans
— Franklin Roosevelt

Hugh McCulloch: Manipulation Banker

Posted by admin on Thursday, July 7, 2016

Hugh McCulloch Comptroller of the Currency in 1863 saying Manipulating money doesn’t make a financier a banker, or banking unlikely to be useful. Hugh McCulloch said:

Splendid financiering is not legitimate banking, and ‘splendid financiers’ are generally either humbugs or rascals
— Hugh McCulloch

Rana Foroohar: Earnings Over Innovation

Posted by admin on Wednesday, July 6, 2016

Rana Foroohar Money Quote saying business leaders prefer financial results above investing in product innovation. Rana Foroohar said:

80 percent of CEOs surveyed in one study said they’d pass up making an investment that would fuel a decade’s worth of innovation if it meant they’d miss a quarter of earnings results
— Rana Foroohar

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Elizabeth Warren: Bankers Don’t Like Me

Posted by admin on Tuesday, June 28, 2016

Elizabeth Warren Money Quote in response to JP Morgan Chase CEO Jamie Dimon suggestion she doesn’t know how global banking works. Elizabeth Warren said:

The problem for these guys is that I fully understand the system, and I understand how they make their money, And that’s what they don’t like about me
— Elizabeth Warren

Justin Trudeau: Marijuana Profits Criminals

Posted by admin on Friday, June 10, 2016

Justin Trudeau Money Quote saying as Prime Minister of Canada that organized crime and street criminals are profiting from illegal marijuana. Justin Trudeau said:

There are billions upon billions of dollars flowing into the pockets of organized crime, street gangs and gun-runners, because of the illicit marijuana trade, and if we can get that out of the criminal elements and into a more regulated fashion we will reduce the amount of criminal activity that’s profiting
— Justin Trudeau

John Doe: Financial Regulators Have Failed

Posted by admin on Sunday, June 5, 2016

John Doe (Panama Papers anonymous source) Money Quote saying the wealthy have focused on policies favorable to banks and avoidance of paying a fair share. John Doe said:

Banks, financial regulators and tax authorities have failed. Decisions have been made that have spared the wealthy while focusing instead on reining in middle- and low-income citizens
— John Doe

Charlie Munger: Finance Out of Control

Posted by admin on Saturday, June 4, 2016

Charlie Munger, vice-chair Berkshire Hathaway, Money Quote saying as a Republican, there are few other things he can agree with Elizabeth Warren on – except current state of banking is risky and dangerous. Charlie Munger said:

Elizabeth Warren doesn’t agree with me on many subjects, and I wouldn’t agree with her on many subjects, but she is basically right when she says that American finance is out of control and that it isn’t good for the rest of us
— Charlie Munger

Margaret Thatcher: Wealth Creation or Love?

Posted by admin on Friday, June 3, 2016

Margaret Thatcher Money Quote saying nothing at all wrong with creating wealth – unless it is done only for the love of money. Margaret Thatcher said:

It is not the creation of wealth that is wrong, but the love of money for its own sake
— Margaret Thatcher

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