Posts Tagged ‘banks’

Money Quotes and sayings about banks, quotations discussing banks

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Elizabeth Warren: Bank Fines Don’t Work

Posted by admin on Tuesday, November 7, 2017

Elizabeth Warren Money Quote saying banks will not stop illegal actions until board members, executives are jailed, fired or held personally responsible. Fines don’t stop banks cheating. Elizabeth Warren said:

Time after time, big banks cheat their customers and no actual human beings are being held accountable. Instead, there is a fine, which ultimately is paid for by shareholders and not by executives and certainly not by directors of the board. And nothing is going to change at these big banks if that doesn’t change
— Elizabeth Warren

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Big banks cheat their customers, fine paid by shareholders Quote

John McGuinness: Irish Banks are Theives

Posted by admin on Sunday, November 5, 2017

John McGuinness Money Quote as Irish member of the Irish Parliament blames Minister of State at the Department of Finance, Michael D’Arcy for allowing banks to avoid responsibility for losing money for depositors. John McGuinness said:

These banks in this country have robbed individuals and families of everything that they have, including their dignity and their lives. They are the thieves in this question and you Minister, after today, are driving the getaway car
— John McGuinness

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Irish Banks have robbed families of everything. They are thieves and you Minister are driving the getaway car Quote

Kirill Ilganaev: Cybersecurity Price Tag

Posted by admin on Sunday, July 2, 2017

Kirill Ilganaev, Head of Kaspersky DDoS Protection at Kaspersky Lab Money Quote saying banks must take cyber attacks seriously by preparing the banking industry with cybersecurity protections. Kirill Ilganaev said:

If banks are to protect themselves effectively from the price tag of an online banking cyber security incident, they first need to become more prepared for the dangers DDoS attacks pose to their online banking services
— Kirill Ilganaev

Elayne Boosler: Banks Keep Savings

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying you can get a toaster from your bank instead of getting your savings returned if they are dishonest (likely). Elayne Boosler said:

Banks used to give us toasters when we opened an account. Now, they give us toasters instead of returning our savings
— Elayne Boosler

Elayne Boosler: Banks Robbed Homes

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying investment banks robbed homes of investors and got arrested, but were let go if they returned tiny portion of what they looted. Elayne Boosler said:

Basically, many banks (including the investment firm of Charles Schwab) essentially robbed the entire contents of our homes: dishes, furniture, electronics, family photos, your grandmother’s apron, everything. When caught by the police (the SEC), the thieves were asked to return only a toaster
— Elayne Boosler

Jeb Hensarling: Drowning Community Banks

Posted by admin on Friday, March 10, 2017

Jeb Hensarling Money Quote saying Dodd-Frank Bank regulations have a history of hurting small local banks and compares the financial protections to torture techniques. Jeb Hensarling said:

Washington’s regulatory waterboarding is drowning community banks and small businesses, On behalf of every hardworking, struggling American — I will not rest until Dodd-Frank is ripped out by its roots and tossed on the trash heap of history
— Jeb Hensarling

Michael Lind: Banks as Public Utilities

Posted by admin on Tuesday, January 24, 2017

Michael Lind Money Quote saying banks should be seen, not as high-profit institutions, but instead like a public utility and laws should protect consumers against high interest rates. Michael Lind said:

Banks should be low-profit, publicly-regulated utilities and laws against usurious interest rates, struck down in the U.S. in the late twentieth century, should be restored
— Michael Lind

Elizabeth Warren: CFPB Returned Billions

Posted by admin on Saturday, January 14, 2017

Elizabeth Warren Money Quote saying the effectiveness of the Consumer Financial Protection Bureau is indisputable in protecting consumers in debt to bad actor banks and lenders. Elizabeth Warren said:

[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions
— Elizabeth Warren

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