Posts Tagged ‘banks’
Money Quotes and sayings about banks, quotations discussing banks
Mark Sundeen: Wall Street Felons
on Wednesday, October 25, 2023Meaning of Mark Sundeen Money Quote: saying We complain about the felons of Wall Street, but keep them in control by paying them. Mark Sundeen said:
“Grumble as we might about Wall Street felons, we keep the banks in business by lending them our money, paying their interest on mortgages and credit cards, and amassing our savings in their IRAs and money-market accounts” — Mark Sundeen
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Dave Ramsey: Debt Borrower Slave
on Sunday, June 4, 2023Meaning of Dave Ramsey Money Quote: saying debt makes banks richer, not borrowers, who are slaves to banks. Dave Ramsey said:
“Debt is not a tool; it is a method to make banks wealthy, not you. The borrower truly is slave to the lender” — Dave Ramsey
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Hendrith Smith: Necessary Capital
on Saturday, June 3, 2023Meaning of Hendrith Smith Money Quote: saying Banks can be compared to the heart of the economy as it keeps money flowing throughout the finance body. Hendrith Smith said:
“Banks are to the economy what the heart is to the human body. They cycle necessary capital through the whole, and they are barely noticed until pressure, necessity, or crises” — Hendrith Smith
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Matshona Dhliwayo: Capital Religion
on Tuesday, May 30, 2023Meaning of Matshona Dhliwayo Money Quote: saying finance is religion for many and express themselves via commerce. Matshona Dhliwayo said:
“The world’s biggest religion is capitalism: money is our god, greed is our priest, banks are our temples, and shopping is how we express our worship” — Matshona Dhliwayo
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Willie Sutton: Where The Money Is
on Thursday, May 25, 2023Meaning of Willie Sutton Money Quote: saying it only makes sense that to rob, go where there is money, banks have it. Willie Sutton said:
“(Why do you rob banks, Willie?) Because that’s where the money is” — Willie Sutton
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Steve Keen: Banks, Debt, Money
on Sunday, May 21, 2023Meaning of Steve Keen Money Quote: saying economists don’t discuss some important aspects for economic models ignoring key points. Steve Keen said:
“If you look at mainstream economics there are three things you will not find in a mainstream economic model – Banks, Debt, and Money … Like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings” — Steve Keen
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Andrew Jackson : Afraid of Banks
on Saturday, May 20, 2023Meaning of Andrew Jackson Money Quote: saying As seventh president of the U.S. expressing distaste for banks. Andrew Jackson said:
“I have always been afraid of banks” — Andrew Jackson
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Joseph Stiglitz: Banks Too Big Fail
on Monday, May 15, 2023Meaning of Joseph E. Stiglitz Money Quote: saying giant banks have become not only too big to fail, but too big for responsibility. Joseph E. Stiglitz said:
“We have banks that are not only too big to fail, but too big to be held accountable” — Joseph E. Stiglitz
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The quote by Joseph E. Stiglitz suggests that large banks are so powerful and influential that they are unable to be held accountable for their actions. This could be interpreted in a few ways:
- Too big to fail: The quote could be interpreted as meaning that these banks are so large and interconnected that their failure would have catastrophic consequences for the entire financial system, making it impossible to hold them accountable for their actions.
- Too big to be regulated: The quote could also be interpreted as meaning that these banks are so large and powerful that they are able to avoid or evade regulations and oversight, making it difficult to hold them accountable for their actions.
- Too big to be prosecuted: The quote could also be interpreted as meaning that these banks are so large and influential that they are able to avoid criminal prosecution for their actions, making it difficult to hold them accountable for their actions.
Overall, the quote suggests that the size and power of these banks can make it difficult to hold them accountable for their actions, which could be seen as a problem for the stability and fairness of the financial system.