Archive for the ‘finance’ Category
Bankers and leaders in the finance industry seem to be very tight lipped about what goes on inside banking. Here’s what politicians, comedians and just a few bank regulators have to say about banks.
William Cobbett: Pecuniary Matters
on Tuesday, September 22, 2020William Cobbett Money Quote saying genius is stifled by lack of attention to pecuniary matters. William Cobbett said:
![time properly to attend to pecuniary [monetary] matters. Want of attention to these matters has impeded the progress of science and of genius itself Quote](http://itsamoneything.com/money/wp-content/uploads/William-Cobbett-Pecuniary-Monetary-Matters.jpg)
“Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to pecuniary [monetary] matters. Want of attention to these matters has impeded the progress of science and of genius itself” — William Cobbett
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Linda Lacewell: Dirty Trillions
on Monday, September 21, 2020Linda Lacewell Money Quote saying banks appear to ignore illicit funds flowing through their accounts after filing pointless required paperwork. Linda Lacewell said:
“Trillions of dollars in dirty money gushes through the financial system in a toxic stew of criminal proceeds. Banks must put integrity at the center of what they do and empower compliance personnel to act. The SAR should be the beginning of the analysis not the end. We must act” — Linda Lacewell
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Trillions of dollars in dirty money gushes through the financial system in a toxic stew of criminal proceeds. Banks must put integrity at the center of what they do and empower compliance personnel to act. The SAR should be the beginning of the analysis not the end. We must act. https://t.co/eLrXZ7oThD
— Linda Lacewell (@LindaLacewell) September 20, 2020
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Ralph Waldo Emerson: Commodity
on Monday, August 3, 2020Ralph Waldo Emerson Money Quote saying money can be represented by products we all need in some form. Ralph Waldo Emerson said:
“Money is the representative of a certain quantity of corn or other commodity. It is so much warmth, so much bread” — Ralph Waldo Emerson
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Lord Byron: Gold Bank Credit
on Monday, July 6, 2020Lord Byron Money Quote saying gold is so much more substantial than paper and credit from banks. Lord Byron said:
“O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapor” — Lord Byron
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Samuel Johnson: Unsuitable Cost
on Sunday, June 14, 2020Samuel Johnson Money Quote saying if you spend too much for pleasure, it is likely to be painful in the end. Samuel Johnson said:
“Pleasure that is obtained by unreasonable and unsuitable cost, must always end in pain” — Samuel Johnson
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Ray Dalio: Printing Money
on Sunday, May 31, 2020Ray Dalio Money Quote saying monopoly money and monopoly bankers who redistribute money to monopoly players. Ray Dalio said:
“Printing money is the most expedient, least well-understood, and most common big way of restructuring debts. It’s like playing Monopoly in a way where the banker can make more money and redistribute it to everyone when too many of the players are going broke and getting angry” — Ray Dalio
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Donald Trump: Banks Incoherent
on Saturday, May 30, 2020Donald Trump Money Quote saying banks of all sizes are processing loans for businesses of all sizes. Donald Trump said:
“Just like we’re going to help the airlines and the big companies, we’re going to help the little companies. And the banks are run – nobody is equipped to do a thing like that, but the banks are equipped. So, the banks are doing it. Big banks, small banks. We have many banks — community banks — and they’re processing the loans” — Donald Trump
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David McWilliams: Pandession Is
on Monday, May 25, 2020David McWilliams Money Quote saying Irish economist that the global pandemic is having new effects on the world economy which requires a new term he has coined – Pandession. David McWilliams said:
“We are not living through a recession. Nor are we witnessing a depression. We are suffering from something new, something I’d like to term a “Pandession”. We have chosen to minimise needless death at the price of huge economic damage. This economic, social and political destruction is the Pandession” — David McWilliams
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