In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for banks.
There is definitely a lot of banks that are interested in private blockchains. In some cases, they are happy with public blockchains as well. The opposition to just doing things on a public blockchain is definitely smaller than some of the strongest detractors think.
I have a really feminine voice, but I also feel quite powerful when I write. So my songs feel heavy, and that’s how Banks sounds. It’s a really short, powerful sound. It almost sounds masculine, and I like having that dichotomy.
The blockchain concept was pioneered within the context of crypto-currency Bitcoin, but engineers have imagined many other ways for distributed ledger technology to streamline the world. Stock exchanges and big banks, for example, are looking at blockchain-type systems as trading settlement platforms.
Before the arrival of the Credit Union, people who were from the poor background or a working class background couldn’t borrow from banks.
All the central banks are doing is substituting one form of debt with another form of debt. They’re issuing short term debt and using it to buy long term debt. In finance, we tend to think that’s a neutral activity, even though those stimulus programs are huge.
European and American banks are conservative in the sense that they don’t come at their full strength to markets where we are; that leaves us an opportunity to be successful.
The fact is I don’t even have one cent of savings abroad, don’t have accounts at foreign banks, don’t have deposits abroad and don’t even have any shares in foreign firms, much less hundreds of billions of dollars.
We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.
I fear debt. I don’t like being indebted to banks. I have a rule in life that I will get it when I can afford it.
Banks don’t come with an internal switch that says, ‘Enough! Let’s slow down a little.’ Or, ‘Let’s just share this wealth around for the benefit of the community now.’ That’s the job of government.
When the banks grow to or when these financial institutions grow to such a size that they can’t sustain themselves, or what have you, they have problems, economic problems, or financial problems, they shouldn’t be able to look back to you and I, the taxpayer, to be bailed out.
I think the market should reward banks that have been transparent in recognising their problems. I think the tendency of banks to hide the problem assets over a period of three or four years should not be allowed.
The Tigris is so fierce and rapid, and swallows its alluvial banks so greedily, that it is probable that some of the buildings described by the Hebrew traveller Benjamin of Tudela as existing in the twelfth century were long since carried away.
In America, we have subsidized private jets, big banks and hedge fund managers. Wouldn’t it make more sense to subsidize kids?
When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America’s bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.
The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.
People have been scared off Bitcoin by the fact that you needed to put your money in an unregulated overseas platform that has been cut off by banks and scrutinized by the Fed. We are looking to remove the pain points and create a way to invest that is faster and more secure.
My dad did everything he could. It was a start-up, and the banks didn’t want to lend him enough money, so he mortgaged our house.
The more the data banks record about each one of us, the less we exist.
In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks’ reserve balances. In the fall of 2008, the Congress moved up the effective date of this authority to October 2008.
Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.
From the beginning of time, we’ve had financial crises. People always blame the banks and for good reason. When you look for the root causes, they’re almost always failed government policies.
I think India’s growth itself will give opportunities for Indian banks to become substantially bigger.
If Saudi Aramco is listed, then it must announce its statements, and it will do that every quarter. It will be under the supervision of all Saudi banks, all analysts, all Saudi thinkers. Even more, all international banks and research and planning centres in the world will monitor it intensively.
Banks are so protected from liability they would have to really do something that was their mistake in order for them to be liable for it. Banks don’t look at signatures. They’re processing millions of checks and they have very little liability.
It is my wish that my ashes may repose on the banks of the Seine, in the midst of the French people, whom I have loved so well.
Planes don’t fly, trains don’t run, banks don’t operate without much of what IBM does.
You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason – the banks were undercapitalized, and returns are a function of earnings and capital.
The over-representation of Wall Street banks in senior government positions sends a bad message. It tells people that one – and only one – point of view will dominate economic policymaking.
I think a lot of Americans are not sure which side Washington is on: the side of banks or the side of the people.
I started writing ‘Cod’ at a time when people were first beginning to take an interest in the problem of fisheries because the Grand Banks had closed.
As we continue down the path of automation, virtually every city will have 24-hour convenience stores, 24-hour libraries, 24-hour banks, 24-hour churches, 24-hour schools, 24-hour movie theaters, 24-hour bars and restaurants, and even 24-hour shopping centers.
I always like Iain Banks science fiction stuff and William Gibson’s cyberpunk stuff from the 1980s.
North Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We’re a banking state, and we’re proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses.
What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
Obama was elected on a slogan of hope and change because both were in short supply: the military exhausted by two wars, the banks failing their public trust, the U.S. Congress a comedy of dysfunction, and a federal government that seemed designed to idle on the sidelines.
We should ban banks from risk-taking because society is going to pay the price.
I come from a state with many sound, responsible banks.
The world is run by monsters and you have to deal with them. Some of them run countries, some of them run banks, some of them run news corporations.
Overpaying the banks for their toxic assets could contribute capital, but that may not be politically feasible or attractive.
If competition for Kaggle’s top talent becomes fierce enough among banks, insurance companies, hedge funds – we hope the world’s best data scientists will earn more than $50 million per year, just like the world’s best hedge fund managers.
