"The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause, the banking system"
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Banking quotes
Banking
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Banking quotes (page 2 of 8)
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"Implicit in the banking concept is the assumption of a dichotomy between human beings and the world: a person is merely in the world, not with the world or with others; the individual is spectator, not re-creator."
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"Banking is necessary - banks are not."
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"If you are in banking and lending, surprise outcomes are likely to be negative for you."
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"The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks."
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"We all rely on technology to communicate, to survive, to do our banking, to shop, to get informed, but none of us knows how to read and write the code."
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"Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition."
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"Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich."
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"By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit."
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"Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it."
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"Banking is very good business if you don't do anything dumb."
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"Banking types should take their cue from Gordon Gekko. Or pick the best-looking banker in their firm and copy him."
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"[T]he first bad bank loan was no doubt made around the time of the opening of the first bank."
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"It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause."
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