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I have nothing against investment banking, but it's like massaging money rather than creating money. If you're in physics, you create inventions, you create lasers, you create transistors, computers, GPS.
If you are in banking and lending, surprise outcomes are likely to be negative for you.
Nassim Nicholas Taleb
I am much less concerned with whatever it is technology may be doing to people that what people are choosing to do to one another through technology. Facebook's reduction of people to predictively modeled profiles and investment banking's convolution of the marketplace into an algorithmic battleground were not the choices of machines.
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules.
You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.
Retail banking in Africa is very weak. You can't go to a village and get money from an ATM or visit a branch of the bank. So people have to use the Internet.
If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.
There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.
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.
And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes.
Debbie Wasserman Schultz
Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.
If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government.
As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling.
There's definitely evidence that capitalism at its most ruthless rewards psychopathic behavior. When you look at the worst corners of the American health insurance industry or the sub-prime banking market, it really feels like the more psychopathically someone behaves, the more it's rewarded.
If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.
Those truly committed to liberation must reject the banking concept in its entirety, adopting instead a concept of women and men as conscious beings and consciousness as consciousness intent upon the world.
In the winter, things are dead and dull, but then there is an explosion of life. That's what He promises people who believe in His Son. That's what all the Robertsons are banking on.
From blood banking to the modern subway, from jazz to social justice, the contributions of African Americans have shaped and molded and influenced our national culture and our national character.
Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance.
Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.
Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.
Hollywood is a small, familial place. Everyone does business with everybody else. The same complications occur in investment banking.
We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.
A. P. J. Abdul Kalam
John F. Kennedy
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