Posts Tagged ‘banking’

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John Adams: Abhor Banking System

Posted by admin on Wednesday, October 27, 2021

John Adams Money Quote saying banking is abhorrent when it’s about profit for bankers rather than the public good. John Adams said:
 
Funds and Banks. Funding System was contrived to enrich particular Individuals at the public Expence. Our whole banking System I ever abhorred Quote
 

Funds and Banks. I never approved or was Satisfied with our Funding System. It was founded on no consistent Principle. It was contrived to enrich particular Individuals at the public Expence. Our whole banking System I ever abhored, I continue to abhor, and shall die abhorring” — John Adams

 

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James Buchan: Suicidal Banking

Posted by admin on Tuesday, May 25, 2021

James Buchan Money Quote saying bankers commit dangerous and self-destructive things that put their depositors at risk. James Buchan said:
 
At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans Quote
 

“At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid” — James Buchan

 

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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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