Posts Tagged ‘accounts’

Christine Lagarde: Prefer Virtual Currencies

Posted by admin on Thursday, October 5, 2017

Christine Lagarde Money Quote saying as director of the International Monetary Fund (IMF) that people may want the option to use cryptocurrency because it is similar to cash. Christine Lagarde said:

Citizens may one day prefer virtual currencies, since they potentially offer the same cost and convenience as cash—no settlement risks, no clearing delays, no central registration, no intermediary to check accounts and identities
— Christine Lagarde

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Citizens prefer virtual currencies, same cost and convenience as cash Quote

Ryan & Kim: Trump Hotel Bankruptcies

Posted by admin on Thursday, March 2, 2017

Steven M. Ryan & James W. Kim, Counsel for BP-Metropolitan Investors, LLC in a Money Quote regarding Donald Trump history of Bankruptcy he failed to disclose in his RFP to GSA on Washington D.C. Hotel project criticized by Hilton Attorneys relative to competitive bid for the old D.C. post office project. Steven M. Ryan & James W. Kim, Counsel for BP-Metropolitan Investors, LLC said:

The record of Trump bankruptcies by all accounts we have reviewed indicates that Trump is an unreliable business partner. Trump has a different posture at bid and award press conferences and unfavorable history revealed in bankruptcy and court proceedings that emerge as the project fails. The record reveals that Trump projects often fail, and fail publicly. In those instances of failure,
Trump has often walked away
— Steven M. Ryan
James W. Kim

Monty Python: Facility for Dealing with Rich

Posted by admin on Thursday, January 5, 2017

Monty Python Money Quote saying in a comedy sketch from December of 1970 that they have every way of extracting money from patients, including completely bankrupting them. Monty Python said:

We’ve every facility here for dealing with people who are rich. We can deal with a blocked purse, we can drain private accounts and in the worst cases, we can perform a total cashectomy – which is total removal of all monies from the patient.
— Monty Python

John Chiang: Wells Fargo Wanton Greed

Posted by admin on Wednesday, September 28, 2016

John Chiang Money Quote saying as California State Treasurer that Wells Fargo cheated and fleeced customers with disregard for institutional ethics and encouraged greediness. John Chiang said:

Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst, a culture which actively promotes wanton greed
— John Chiang

Mervyn King: How Do Banks Create Money

Posted by admin on Thursday, October 22, 2015

Mervyn King Money Quote confirming something that John Kenneth Galfbraith called so simple the mind is repelled, with something so important a deeper mystery seems only decent. Mervyn King Governor of the Bank of England said:(PDF page 3, paragraph 3)

When banks extend loans to their customers, they create money by crediting their customers’ accounts
— Mervyn King

Barack Obama #SOTU on Vote Not Bucks

Posted by admin on Wednesday, January 29, 2014

Barack Obama Money Quotation saying in the 2013 State of the Union Speech that power belongs to the vote, not to large campaign contributors. Barack Obama said:

It should be the power of our vote, not the size of our bank accounts, that drives our democracy

— Barack Obama

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