Posts Tagged ‘banking’
« Previous Page — Next Page »Donald Trump: Nobody Knows Banking
on Tuesday, January 10, 2017Donald Trump Money Quote saying adds banking to the long list of things he knows more about than anyone else, ever. Donald Trump said:
Nobody knows banking better than I do
— Donald Trump
Franklin Roosevelt: Government Appendage
on Tuesday, December 6, 2016Franklin D. Roosevelt Money Quote saying what sounds very much like where our government seems to be going under our new administration. Franklin D. Roosevelt said:
We had to struggle with the old enemies of peace–business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs
— Franklin D. Roosevelt
Marcus Treacher: Antique Banking System
on Wednesday, October 5, 2016Marcus Treacher Money Quote saying as head of strategic accounts at Ripple that banks are old and slow to change, holding back advancements from startup fintech companies. Marcus Treacher said:
The payments industry is revving up, but it is stuck in second gear because it is being held back by the antiquated banking system
— Marcus Treacher
Warren Buffett: Banking Good Unless Dumb
on Thursday, September 29, 2016Warren Buffett Money Quote saying about Wells Fargo that all a bank must do is avoid doing dumb things in order to be profitable – Wells Fargo went way dumb. Warren Buffett said:
In the end banking is a very good business unless you do dumb things. You get your money extraordinarily cheap and you don’t have to do dumb things. But periodically banks do it
— Warren Buffett
Maria T. Vullo: Money Laundering Bank
on Tuesday, August 23, 2016Maria T. Vullo, New York Department of Financial Services Superintendent said:
“DFS will not tolerate the flagrant disregard of anti-money laundering laws and will take decisive and tough action against any institution that fails to have compliance programs in place to prevent illicit transactions. The compliance failures that DFS found at the New York Branch of Mega Bank are serious, persistent and affected the entire Mega banking enterprise and they indicate a fundamental lack of understanding of the need for a vigorous compliance infrastructure. DFS’s recent examination uncovered that Mega Bank’s compliance program was a hollow shell, and this consent order is necessary to ensure future compliance.” — New York Department of Financial Services Superintendent Maria T. Vullo
Hugh McCulloch: Manipulation Banker
on Thursday, July 7, 2016Hugh McCulloch Comptroller of the Currency in 1863 saying Manipulating money doesn’t make a financier a banker, or banking unlikely to be useful. Hugh McCulloch said:
“Splendid financiering is not legitimate banking, and ‘splendid financiers’ are generally either humbugs or rascals” — Hugh McCulloch
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#HumBugDay December 21
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Bernie Sanders: Make Banking Boring Again
on Monday, May 2, 2016Bernie Sanders Money Quote saying banks should not be legally able to wager depositors money on big risky Wall Street gambles. Bernie Sanders said:
I want to make banking boring again. It shouldn’t be about making as much profit as possible by gambling on esoteric financial products
— Bernie Sanders
I want to make banking boring again. It shouldn't be about making as much profit as possible by gambling on esoteric financial products.
— Bernie Sanders (@BernieSanders) May 2, 2016
Bernie Sanders: Banking, Not Gambling
on Monday, May 2, 2016Bernie Sanders Money Quote saying we need to stop Wall Street from speculating with small depositors money. Bernie Sanders said:
Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street
— Bernie Sanders
Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street.
— Bernie Sanders (@BernieSanders) May 2, 2016
