Posts Tagged ‘deposit’

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Dan Quayle: Deposit Bank Failure

Posted by admin on Thursday, June 10, 2021

Dan Quayle Money Quote saying that bank managers might break more successful at failing banks if only customers made bigger deposits. Dan Quayle said:
 
Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement Quote
 

“Bank failures are caused by depositors who don’t deposit enough money to cover losses due to mismanagement” — Dan Quayle

 

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In this quote, former U.S. Vice President Dan Quayle appears to be attempting humor but ends up placing partial blame on bank customers for financial institution failures. The implication seems to be that if depositors had provided banks with more funds as a cushion, losses from poor decisions or risky investments by bankers could be absorbed.

However, this interpretation neglects the fiduciary responsibility of banks to prudently manage deposited money.

Overall, while likely not intended seriously, the quote suggests an unrealistic expectation that customers alone can safeguard against all management errors, rather than regulators or banks themselves ensuring sufficient reserves and oversight to avoid insolvency regardless of deposit amounts.

Imelda Marcos: Rich in Spirit

Posted by admin on Sunday, March 28, 2021

Imelda Marcos Money Quote saying wealth is made up of spirit before it is made of cash to put in the bank. Imelda Marcos said:
 
The only rich person is a person who is rich in spirit. I have no money deposit. I have only beauty deposit Quote
 

“The only rich person is a person who is rich in spirit. I have no money deposit. I have only beauty deposit” — Imelda Marcos

 

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In this quote, Imelda Marcos is reflecting on wealth and legacy after her family’s fall from power in the Philippines. Despite allegations of vast corruption and accumulation of luxury goods, she suggests true richness lies in one’s spirit or character rather than money alone. Marcos implies she retains an inner beauty and strength of soul even without financial holdings.

Overall, the quote conveys Marcos attempting to redefine wealth in intangible terms beyond political power or material possessions. She seems to be portraying herself as still possessing inner qualities of value despite loss of status, influence and the lavish lifestyle once afforded by her position.

Lindsay Davis: Amazon Bank Building

Posted by admin on Monday, October 1, 2018

Lindsay Davis Money Quote saying Amazon wants more people to have access to buying amazon products, so the’ve built a bank to provide financial services to Amazon customers. Lindsay Davis said:
 
Amazon is not building a bank by the traditional definition, Amazon is building financial services products to increase participation in the Amazon ecosystem. Amazon is building a bank for Amazon, and that may be even more compelling than launching a traditional deposit-holding bank. Quote
 

“Amazon is not building a bank by the traditional definition, Amazon is building financial services products to increase participation in the Amazon ecosystem. Amazon is building a bank for Amazon, and that may be even more compelling than launching a traditional deposit-holding bank.” — Lindsay Davis

 

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In this quote, Lindsay Davis is analyzing Amazon’s move into financial services. She notes that while Amazon may not be establishing a bank in the traditional sense of taking deposits, they are developing financial products to better integrate customers into spending within their ecosystem.

Davis suggests Amazon’s goal is to create banking-like functionality primarily focused on facilitating Amazon transactions, rather than becoming a standalone retail bank.

The overall interpretation is that Amazon aims to leverage financial tools to strengthen loyalty and spending on its platform above all else, making its banking ambitions more inwardly directed at retaining customers rather than outwardly serving a broad consumer base like a high street bank.

Kora-Lea Vidal: Can’t Deposit Doubts

Posted by admin on Wednesday, January 24, 2018

Kora-Lea Vidal Money Quote saying worry over success only brings bigger deficits because doubt can’t be banked. Kora-Lea Vidal said:
 
You can't deposit doubts Quote
 

“You can’t deposit doubts” — Kora-Lea Vidal

 

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In this quote, Kora-Lea Vidal is suggesting that doubts and negative mindsets are not constructive qualities that can be “deposited” or accumulated over time like financial assets. Just as money can be saved in a bank, Vidal implies worries, fears and lack of confidence are states of mind that cannot be tangibly stored for later use.

The interpretation is that the quote promotes developing an optimistic outlook and self-belief, as doubts will not materially aid one’s progress or success the way savings can. Vidal seems to be encouraging focusing mental energies on possibility thinking rather than dwelling in uncertainty or second-guessing. The overall message conveyed is that ambition, effort and confidence are better mindsets to invest in than doubt when pursuing goals.

Toni Fan: Data Deposit & Transfer

Posted by admin on Friday, September 8, 2017

Toni Fan Money Quote saying it’s routine to move money from one bank to another, but we cannot so easily move our data. Toni Fan said:
 
It’s easy enough to deposit assets, in the form of money, in one bank and withdraw it from another. But it’s far more difficult, if not downright impossible, to transfer personal data Quote
 

“It’s easy enough to deposit assets, in the form of money, in one bank and withdraw it from another. But it’s far more difficult, if not downright impossible, to transfer personal data” — Toni Fan

 

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In this quote, Toni Fan is drawing a comparison between how easily money can be transferred between banks digitally, versus how challenging it is to transfer personal data between organizations in the same seamless way.

The best interpretation is that Fan recognizes it is simple for financial institutions to move assets like money around electronically as needed, but personal data, which is also increasingly digital, faces many more obstacles to being easily portable or “withdrawn” from one source and deposited with another.

Fan sees data as harder to transfer between entities if individuals want control over their information and choice in where it resides. The overall message is that while money is fluid in the digital world, personal data lacks the same liquidity and mobility due to technical and policy limitations.

Aaron Klein: Days to Clear Check

Posted by admin on Friday, October 7, 2016

Aaron Klein Money Quote saying the Federal Reserve needs to allow financial transactions to speed up and financial technology providers to innovate. Aaron Klein said:
 
deposit a check from your bedroom or use PayPal or Venmo to send money across the world in seconds, it can still take two to five days to clear a check, or that debit-card transactions are processed only once a day Quote
 

“It seems remarkable that in a world in which you can deposit a check from your bedroom or use PayPal or Venmo to send money across the world in seconds, it can still take two to five days to clear a check, or that debit-card transactions are processed only once a day” — Aaron Klein

 

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In this quote, Aaron Klein seems to be highlighting the contrast between rapid technological advances in digital financial services and the relative slowness of some traditional payment methods still commonly used. Some key points:

  • He notes that modern conveniences like remote check deposit, PayPal and Venmo allow near-instant money transfers anywhere in the world from a mobile device.
  • However, Klein argues it is strange and outdated that basic check clearing still takes 2-5 business days given current tech capabilities, showing the process has not kept up.
  • He also observes that debit card transactions are still only settled once per day, which seems slow compared to real-time digital payment options now available.

Overall, the quote conveys Klein’s view that while financial innovation has delivered lightning-fast digital payments, the backend infrastructure supporting older paper-based and card-based systems has lagged in achieving similar speeds, despite being fully possible with today’s payment networks and technologies.

Matthew: Money on Deposit With Bankers

Posted by admin on Friday, November 13, 2015

Matthew bible Money Quote saying in a parable on investment that the equivalent of burying money worse than safe investments – even with bankers at low interest. Matthew 25:26 said:
 
You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest Quote
 

“You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest” — Matthew 25:26

 

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This Bible verse from Matthew 25:26 tells a parable where Jesus compares the Kingdom of Heaven to a master who entrusts his wealth to his servants before embarking on a long journey.

On a surface level, the verse recounts how one “wicked and lazy” servant buried his master’s money in the ground instead of investing it, and is then chastised for not at least putting the funds in a bank to earn interest during his master’s absence.

More deeply, the parable suggests that those given responsibilities or opportunities by God are expected to make prudent, productive use of the gifts and talents afforded to them, not letting abilities go to waste. Squandering what one has been given brings reproach.

The overarching interpretation is that the passage encourages believers to be good stewards of what they’ve been entrusted with by the Lord, whether money, skills or influence – and to leverage these resources to further God’s kingdom through diligent work and responsible risk-taking, rather than preserving them pointlessly without growth or return. An accounting will be required for how one has spent their time on Earth.

Jean Baudrillard on Permanent Deposits

Posted by admin on Thursday, July 3, 2014

Jean Baudrillard Money Quotation saying there is a reluctance to withdrawal of deposits once made. Jean Baudrillard said:
 
Jean Baudrillard I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again quote
 

“I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again” — Jean Baudrillard

 

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This quote from philosopher Jean Baudrillard expresses apprehension about the modern banking system. He suggests that once money is deposited in a bank, it can become quite difficult psychologically to actually withdraw and use those funds again.

Baudrillard seems to be commenting on how the act of depositing money can shift one’s mindset – it makes the funds feel more abstract and less like liquid, usable cash.

There is a hesitation or fear that the money will feel permanently parked in the bank rather than readily available. The quote conveys skepticism about how banking practices can subtly change people’s relationship with and perception of their own money, making it feel less accessible even though it remains their legal property.

Overall, Baudrillard appears wary of how depositing funds may psychologically distance people from their ready use and control over those financial resources.

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