Posts Tagged ‘banking’

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Tenbrunsel & Thomas: Insider Trade

Posted by admin on Thursday, April 15, 2021

Ann Tenbrunsel and Jordan Thomas Money Quote saying junior investment bankers are willing to commit insider trading if they are sure they won’t be caught. Ann Tenbrunsel and Jordan Thomas said:
 
Employees with less than two decades in the industry say they would likely engage in insider trading to make $10 million if there was no chance of being arrested Quote
 

“Nearly one third of [investment banking] employees with less than two decades in the industry say they would likely engage in insider trading to make $10 million if there was no chance of being arrested” — Ann Tenbrunsel and Jordan Thomas

 

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Josiah Stamp: Manufacture Money

Posted by admin on Wednesday, April 22, 2020

Josiah Stamp Money Quote saying banks create money by loaning money that belongs to others. Josiah Stamp said:
 
The modern banking system manufactures money out of nothing Quote
 

“The modern banking system manufactures money out of nothing” — Josiah Stamp

 
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Henry Ford: Banking Revolution

Posted by admin on Tuesday, November 19, 2019

Henry Ford Money Quote saying that if more of the U.S. citizenry understood the way our monetary system worked, they’d revolt within hours. Henry Ford said:
 
It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning Quote
 

“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning” — Henry Ford

 

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Margaret Drabble: Capital Collapse

Posted by admin on Wednesday, June 5, 2019

Margaret Drabble Money Quote saying there is no doubt that capitalism will collapse and barter will replace profiting. Home vegetable gardens will proliferate. Margaret Drabble said:
 
I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive Quote
 

“I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest” — Margaret Drabble

 
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Xavier Becerra: Wells Fargo Exploit

Posted by admin on Friday, December 28, 2018

Xavier Becerra Money Quote saying in a statement as the Attorney General of California that Wells Fargo took advantage of customers and eroded trust in the banking system. Xavier Becerra said:
 
Instead of safeguarding its customers Wells Fargo exploited them. This is an incredible breach of trust that threatens not only the customer who depended on Wells Fargo, but confidence in our banking system Quote
 

“Instead of safeguarding its customers Wells Fargo exploited them. This is an incredible breach of trust that threatens not only the customer who depended on Wells Fargo, but confidence in our banking system” — Xavier Becerra

 
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Muhammad Yunus: Poor Entrepreneur Bank

Posted by admin on Thursday, July 12, 2018

Muhammad Yunus Money Quote saying banks lend money to the already wealthy but Grameen Bank lends to those in poverty to help them become entrepreneurs. Muhammad Yunus said:
 
Banks look for the rich; we look for the poor. All people are  entrepreneurs Quote
 

“I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs, but many don’t have the opportunity to find that out” — Muhammad Yunus

 
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Orrin Woodward: Control Gold, Control Fools

Posted by admin on Wednesday, November 15, 2017

Orrin Woodward Money Quote saying creating foolish banking products, sold to the naive or uninformed investors means bankers can control the investment fate of financial fools. Orrin Woodward said:
 
He who creates the 'Fools Gold' controls the fools Quote

New Golden Rule of Fractional Reserve Banking: He who creates the “fool’s gold” controls the fools
— Orrin Woodward

 
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Carlos Torres Vila: Banking Boring, Stressful

Posted by admin on Saturday, July 8, 2017

Carlos Torres Vila Money Quote saying as CEO of Spain’s BBVA that customers don’t like dealing with banks to support the idea that it can all be automated. Carlos Torres Vila said:
 
Carlos Torres Vila Really people don't like banking, it's boring, it takes time, causes them stress, and people have bad financial habits quote
 

“Really people don’t like banking, it’s boring, it takes time, causes them stress, and people have bad financial habits” — Carlos Torres Vila

 
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