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Financial Institutions Quotes

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Financial Institutions Quotes

“Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.”

YearsHumansMayImportantDifficultSoundAttitudeConditionsSecurityHuman NatureInstitutionsRemainsInvestmentFinancialPassingPassingsCorporationsAffectedInvestorsRegulationTemperamentHingesFinancial Institutions
Book:The Intelligent Investor: A Book of Practical Counsel
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“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”

IfsDifferentChanceDoubtFourRiskDangerousAmountNeededManagementInstitutionsUniversityFinancialFinanceThanksDataImmenseMasterpieceCollectingHarvardRisk ManagementFinancial InstitutionsKennethMaryland
Author:Martin Wolf
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“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”

WayPastOrderPassionGoalRiskShareEconomicCenturyCreationReaderProudSkillsMembersEconomicsTraditionFunctionInstitutionsFinancialPhilosopherBrilliantAppealsAnalysisOur SocietyCompellingWorldlyImaginativeFinancial InstitutionsUnknown Future
Author:Peter L. Bernstein
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“Look at any financial institution, at any bank. They're all photocopies of each other. There's no diversity of institutions and even less diversity of currency. Therefore, just as you say its very logical that an ecosystem like this will collapse, it's very predictable a monetary system like this will collapse, too. And it hasn't finished collapsing, by the way.”

WayLooksDiversityInstitutionsFinancialFinishedLogicalCollapseCurrencyPredictableMonetaryEcosystemsMonetary SystemFinancial Institutions
Author:Bernard Lietaer
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“Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought.”

Has BeensFallNumbersFailingPolicyInstitutionsMovedFinancialFirmFewerEcologyFrameworkLendingShiverSwellingMergingFinancial InstitutionsHomogeneous
Author:Nassim Nicholas Taleb
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“Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.”

PeopleIfsRealFactsLeftCausesMillionsInvolvedMajorsInstitutionsFinancialCreditFavorsEmploymentSwimOutputContractionsFinancial InstitutionsBailoutsDownturnSink Or Swim
Author:Thomas Sowell
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“After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.”

GovernmentPracticeChangedInstitutionsFinancialTunesMassiveFrankCollapseInterventionMortgageDefaultCongressmanLendingFinancial InstitutionsGovernment InterventionForeclosure
Book:Dismantling America and Other Controversial Essays (Large Print 16pt)
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“Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.”

FirstsMadeHomeGovernmentSecurityHolyStandardsInstitutionsIncludingFinancialStatisticsOwnershipLoanMortgageHoly GrailFinancial InstitutionsHome Ownership
Book:Dismantling America and Other Controversial Essays (Large Print 16pt)
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“No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.”

HeartHomeGovernmentOrderForceGoalStreetsSecurityWallStandardsHarderInstitutionsFinancialFrankCollapseOwnershipSetting GoalsMortgageCongressmanLendingFinancial InstitutionsHome Ownership
Book:Dismantling America and Other Controversial Essays (Large Print 16pt)
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“The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.”

WorldWritingEconomicPolicyOrganizationInstitutionsTradeComplexesFinancialInternationalReformCombinationArroganceFundFragileLegislationMonetaryBannerEconomic PolicyWorld TradeParliamentaryFlutteringRuthlessnessFinancial InstitutionsWorld BankWorld Trade Organization
Author:Arundhati Roy
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“No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half of the mortgages and two-thirds of the credit cards. That is too much wealth and power in the hands of a few. If Teddy Roosevelt were alive today he'd tell us to 'break them up.' And he'd be right. These huge banks must be broken up.”

IfsTwoCountryHandsTodayWealthHalfBreakIssuesToo MuchAliveHugeBrokenThirdsInstitutionsDollarsFinancialCreditCardsAssetsAcceptableMortgageCredit CardLive For TodayTeddyBroken UpFinancial Institutions
Author:Bernie Sanders
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“We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.”

PeopleStatesTodayAmericaUnitedNumbersUnited StatesJudgingSixPercentInstitutionsFinancialAssetsUnited States Of AmericaLegislationEconomistGdpAmerica TodayFinancial Institutions
Author:Bernie Sanders
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“Right, we've got these institutions of media, these financial institutions, we have the means of distribution, we have the means of production, we have all these markets and maxims in place. How do we alter the consciousness, the fundamental unifying field? How do we influence change on that level to all of the world?”

WorldMeanLevelsConsciousnessInfluenceMediaFieldsInstitutionsFundamentalsFinancialProductionsDistributionMaximsUnifyingFinancial Institutions
Author:Russell Brand
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“I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.”

PeopleThinkingKnowsWorldTryingKindStatesPlayForceUnitedUnited StatesClearInstitutionsInstrumentsMajoritySellsFinancialCongressCreditTragicTreasuryFinancial Institutions
Author:Warren Buffett
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“Barack Obama is an opportunist, mostly supported by the financial institutions. He had no positions on anything. He's very intelligent. If you look at his program, almost no substance. Change, hope, what's that? I mean, he had some policies, but it was almost certain that he would give them up instantly, which he did.”

IfsGivingLooksMeanCertainPolicyPositionProgramIntelligentInstitutionsFinancialBarackSubstanceOpportunistFinancial Institutions
Author:Noam Chomsky
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“Latin America was the most obedient follower of the neoliberal regime that was instituted by the United States, its allies and the international financial institutions. They followed it most rigorously. Almost everyone who's followed those rules, including the Western countries, have suffered. And in Latin America they suffered severely.”

CountryStatesAmericaUnitedUnited StatesInstitutionsWesternIncludingFinancialInternationalLatinFollowersAlliesRegimesObedientLatin AmericaFinancial Institutions
Author:Noam Chomsky
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“The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.”

WayWantShowsJobsPoliticalOpportunityResponsibilityMoralPracticeDoorsIndustryMajorsCrisisInstitutionsFinancialAnalysisFlawsRegulationPolitical SystemsGreat OpportunityFinancial CrisisOversightBriberyRevolvingRegulatorsFinancial SystemShowcaseFinancial InstitutionsRevolving DoorsBazaars
Author:Thomas Pogge
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“What's more, sharia finance is another tool of Islamic separatism; instead of assimilating into American society, Muslims are demanding, and receiving, parallel financial institutions that reinforce the idea that they are unique, not subject to the laws and norms to which the rest of us are subject-a privileged class. At the same time, sharia finance initiatives are giving Islamic interests increased control over Western economic life.”

GivingIdeasLawInterestClassEconomicSubjectsUniqueToolsInstitutionsIslamWesternFinancialFinanceIslamicReceivingInitiativePrivilegedNormParallelsAmerican SocietyShariaFinancial Institutions
Book:Stealth Jihad: How Radical Islam Is Subverting America without Guns or Bombs
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“In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.”

IfsWorldCan DoEconomyPositionTypeActivityAuthorityInstitutionsStructureBoundsFinancialProfitVariousSettingTendenciesSettingsAssetsBusinessmanEquityFringeInnovatorsRatiosDisruptivePortfoliosAbsorptionRegulatorsConstrainFinancial Institutions
Author:Hyman Minsky
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“Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.”

PeopleShouldHas BeensIdeasWholeGovernmentWantedPoliticalCareersRiskPoliticianShould HaveInstitutionsFinancialAbsurdFrankSenatorsShould Have BeenDefaultCongressmanFinancial InstitutionsAssessing
Author:Thomas Sowell
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“Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.”

NeedsHelpingStrongGivenEffortRolesPracticeClearRiskPerspectiveAspectOrganizationManagementInstitutionsIncludingFinancialVariousWideGuidanceEnterpriseConsideringEmphasisMaintainingRisk ManagementFinancial InstitutionsSupervisorsAssessing
Author:Ben Bernanke
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