The subprime disaster was a result of financial bombs – derivatives – exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.
On the banks of the Nile, the Rosetta branch, I lived an enjoyable childhood in the City of Disuq, which is the home of the famous mosque, Sidi Ibrahim.
Even before the expansion of slave labor in the South and into the West, slavery was already an important source of northern profit, as was the already exploding slave trade in the Caribbean and South America. Banks capitalized the slave trade, and insurance companies underwrote it.
When I started the business, only banks operated at airports, only banks issued travellers’ cheques, only banks issued international payments, only banks serviced their own branch networks.
I don’t think central banks are going to give up fiat currency anytime in my lifetime.
Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
I’m much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer.
Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I think it would be great for the economy.
I have no interest in bailing out anybody, quite frankly, and I think banks have to suffer every dollar of loss if they make a bad loan.
There remains a degree of anti-black intellectualism in entertainment. Middle and upper-middle class blacks have often been portrayed as buffoons in popular culture; witness the characters of Carlton Banks on ‘The Fresh Prince of Bel-Air’ and Braxton P. Hartnabrig on ‘The Jamie Foxx Show.’
Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.
The rivers of America will run with blood filled to their banks before we will submit to them taking the Bible out of our schools.
I’m Australian, so I love the stores near Crowne Plaza Melbourne, on the banks of the Yarra River.
I always loved that old song ‘Banks of the Ohio’ – it was always such a man’s song, so I’ve always wanted to record it.
Occupy has to continue as a bold, in-your-face movement – occupying banks, corporate headquarters, board meetings, campuses and Wall Street itself. We need weekly – if not daily – nonviolent assaults right on Wall Street.
The FBI has long been a part of the security for the nation’s banks because bank robberies have been a priority.
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.
I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.
Limiting the destructive risk-taking by large financial firms and banks which are ‘too big to fail’ is needed.
The Huashan project is a clear example of how an urban element, key to the successful growth of the city, can at the same time improve the quality of life for its citizens, thanks to an integration of all three bridges and the creation of boulevards on the banks of the canal.
Commercial banks – that is, fractional reserve banks – create money out of thin air. Essentially, they do it in the same way as counterfeiters.
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks.
You have to remember: what are incomes to banks are outgoes to families.
As a young man, I lived through the Great Depression, when banks failed and so many lost their jobs and homes and went hungry. I was fortunate to have a job at a canning factory that paid 25 cents an hour.
We have been concentrating on the banks, business and our bellies. We have neglected the spiritual and cultural. It was because Rome and Athens neglected these things that they fell.
While the traditional banks and credit card companies lock down access to their payments infrastructure to a handful of trusted parties, Bitcoin is open to all.
Because of the failure of the federal government to enforce federal law, we now have ‘banks too big to fail,’ unregulated Internet monopoly, and the evisceration of a dispersed and independent media.
If you punish the banks, all you are doing is reducing the banks’ capital, which you want to increase, and punishing shareholders, who have done nothing wrong.
Bitcoin has the potential to destroy credit cards and banks as we know it. Maybe that is a good thing or a bad thing, but I like the idea that if someone needs to remit payments, they can do it without being gouged.
Imagine how different those classrooms could be if hundreds of Nigeria’s most talented recent graduates and professionals channeled their energy not only into the country’s banks, but into making education in the country a force for transformation.
Let me talk about what the banks are doing, and I think the banks have been working to make sure that, as much as possible, we move the currency to the smaller areas and to as many set of customers as possible.
The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.
Poverty is on the increase – due to welfare cuts – and demand for food banks has rocketed.
Supplements are popular. They’re good. They’re a fast-growing market. I use it to fund the operation. Other revolutionaries rob banks and kidnap people, O.K.? I don’t do that.
Tree roots hold river banks together and stop the wind blowing soil away, there are many creatures that live in woods and they provide a sense of well-being and look nice.
What if people could use the Internet to create a new kind of money, one that didn’t involve governments and central banks and could be used anonymously, like cash?
I think there’s a disconnect between political leaders and young voters around a lot of things related to the private sector. For example, a lot of politicians continue to attack big banks. While I’m not a defender of big banks, my sense is younger voters have had generally pretty good experiences with banks.
Every Republican’s voted for it. Look at what they value and look at their budget and what they’re proposing. Romney wants to let the – he said in the first 100 days he’s going to let the big banks once again write their own rules – unchain Wall Street. They’re gonna put y’all back in chains.
In the United States, the government is bailing out banks, intervening in the economy, yet in Latin America, the Right continues to talk about ‘free markets.’ It’s totally outdated; they don’t have arguments; they don’t have any sense.
The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.
The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.
Money often determines not only who gets elected, but what gets done. Which voices do lawmakers listen to, the banks or home owners, coal companies, or asthma sufferers, the CEOs or the unemployed?
We in Nigeria have seen just how difficult it is to get back stolen assets from the international financial system, such as banks that ought not have received those funds in the first place if even the most routine questions were asked.
Part of me goes back to being 8 years old and going on the train 45 minutes to wait at a bank to get Ernie Banks’ autograph. Or when I was a ball boy, becoming best buddies with some of the undrafted or late-drafted guys, them becoming like our big brothers, and then the pain of cut day and watching them get cut.
Ripple is redefining the way that value moves around the world, and today we’re already enabling real-time, affordable international settlement between banks who have adopted our solutions.
As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.
I’d like to sit down with Hillary Clinton onstage and ask her about Glass Steagall and all the big banks and her own campaign contributions.
Food banks have told us of the increasing donations of, and demand for, tampons and pads which are gratefully received by women struggling to afford them.
