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.
Will Ferrell: Earnin’ & Burnin’
on Saturday, August 28, 2021Will Ferrell Money Quote saying that earning and burning is about spending money before having it. Will Ferrell said:
“I live by ‘Earnin’ and burnin’. Meaning, I like to make money and spend it before I even have it. That’s the way I live my life” — Will Ferrell
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Mark Cuban: Liquidity Net Worth
on Friday, August 27, 2021Mark Cuban Money Quote saying Liquid assets make a fair measure of net worth because numbers don’t lie. Mark Cuban said:
“Liquidity is a good proxy for relative net worth. You can’t lie about cash, stocks, and bond values” — Mark Cuban
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Judge Ferdinand Pecora: Bankster
on Monday, August 23, 2021Judge Ferdinand Pecora has been credited with coining the term “bankster.” In June 1933, his image appeared on the cover of Time magazine, seated at a US Senate table, a cigar in his mouth. Pecora’s hearings were said to have coined a new phrase, “banksters” for the finance “gangsters.”
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Money Words – Finance Neologisms
Stephen Hawking: Pay School Fees
on Saturday, August 7, 2021Stephen Hawking Money Quote saying Cosmos was written to help pay for his daughter’s schooling. Stephen Hawking said:
“I first had the idea of writing a popular book about the universe in 1982. My intention was partly to earn money to pay my daughter’s school fees” — Stephen Hawking
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Zig Ziglar: Measured Money
on Saturday, July 31, 2021Zig Ziglar Money Quote saying the measure of success is fulfillment and not finances. Zig Ziglar said:
“Success must never be measured by how much money you have” — Zig Ziglar
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Darren James: Billlionaire for 4 Days
on Thursday, July 29, 2021Darren James Money Quote saying how would you like to open your bank account to discover you were suddenly a billionaire?. Darren James said:
“I was a billionaire for four days. It was a cool feeling, even though you couldn’t do anything with it. We knew it wasn’t ours. We didn’t earn it, so we couldn’t do anything with it. We couldn’t spend it — that would be theft” — Darren James
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We know some customers reporting seeing incorrect balances in their checking account overnight. This was caused by a technical issue that delayed updates on what displayed on Chase Mobile & Chase Online. We resolved this issue as of 9AM ET and accounts now show current balances.
— Chase (@Chase) June 28, 2020
Hey @Chase why is my account negative 50 billion dollars? #CHASE #banking #help pic.twitter.com/Q3C6h1aUiE
— Danielle Fasano (@fasano_danielle) June 19, 2021
Ron Chernow: Broker Banker
on Wednesday, July 28, 2021Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:
“Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker” — Ron Chernow
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Marc Faber: Printed Money Flow
on Sunday, July 25, 2021Marc Faber Money Quote saying printing money is more complicated than injecting cash into the economy for workers – it remains in the finance industry. Marc Faber said:
“When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker” — Marc Faber
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