“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.” CountryWholeFactsHelpingSeemsGovernmentFallInterestPoorAttentionStreetsWallAmountBedTenPercentEconomicsPaidRaisesStructureMereFinancialIceNightmareFarmersReservesLoanSkatingFederal ReserveSkating On Thin Ice Author:Will Rogers
“We are paying teachers who are in charge of our human capital, arguably more important than our financial capital, a very tiny fraction of what Wall Streeters are paid.” HumansImportantTeacherWallPaidFinancialTinyFractions Author:Robert Reich
“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.” DifferentLossViewsClearCuttingRiskSecurityDependsGainsConnectionsPaidInvestmentInvestingFinancialVariousOutcomesDependentInvestorsInherentMarketplaceFinancial MarketsBeta Author:Seth Klarman
“Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back. And they were. They were paid back by coming out richer and more powerful than they were before the crisis that they created.” PowerfulPaidCrisisInstitutionsFinancialCampaignsCorePrimariesComing OutFundingFinancial Institutions Author:Noam Chomsky
“Maitre d's are at the financial spigot of the restaurant, meaning they control who gets in and who doesn't, but aside from that, they don't do anything. And yet they get paid as much as the highest-paid people in the place.” PeopleHighestPaidFinancialRestaurants Author:Joe Bastianich
“If I'm a director and I read a script and I say yeah I really want to do this, I would never walk away because the deal wasn't very good - that I wasn't getting paid very much or that the chances that I would see anything on the back end were remote because of the financial waterfall and the way it's structured. I would never use that as a reason not to do something.” IfsWayWantEndsReasonUseChanceWalksDealsDirectorsPaidYeahVery GoodFinancialScriptsWaterfalls Author:Steven Soderbergh
“One of the things that I loved about when I met my husband was that he picked me up and he paid - I know that sounds old-fashioned but for me, most of my life, I always would split the bill or would always pay, or I would be very assertive about my independence and my financial responsibility. And I am a very strong woman and very strong-willed - but there was something really great about him taking care of me and treating me and opening the door and driving, and I am perfectly OK with that. And he still does it to this day.” KnowsDoeStillsWould BeCareStrongSoundPayResponsibilityDoorsMetsHusbandPaidIndependenceBillsFinancialDrivingOpeningMy HusbandThis DayVery StrongSplitsStrong WomenReally GreatOld FashionedAssertiveStrong WilledTake Care Of Me Author:Sutton Foster
“The number-one reason women say they returned to their abuser is financial insecurity. Often they have kids with them. They say half of the 66 million women and kids living in poverty in the US wouldn't be if women were just paid their full dollar. That's an enormous impact we could make on child hunger.” IfsChildrenReasonKidsNumbersHalfPovertyMillionsPaidImpactDollarsFinancialHungerEnormousInsecurityAbusers Author:Patricia Arquette
“My Big Mama is my No. 1 financial role model. Much of my advice stems from what she taught me. She never made more than $13,000 a year, yet she paid off her home before she retired. She saved money from every paycheck. She taught me to be skeptical. It makes me cry to think that I'm a nationally syndicated personal finance columnist for one of the world's best newspapers and my core advice comes from my black grandmother who was a nurse's aide with just a high school education.” ThinkingWorldYearsMadeHomeBigsSchoolBlackRolesAdviceCryTaughtModelsHigh SchoolPaidFinancialSavedCoreNewspapersFinanceGrandmotherRole ModelsNurseStemRetiredSkepticalMamaPaychecksColumnistsSchool EducationPersonal FinancePaid OffBig Mama Author:Michelle Singletary
“The oil corporations spend a lot of money to get, say, the tar sands pipeline through, but nobody's - you know, there are definitely environmentalists being paid - but a lot of people are acting for something other than financial compensation. So if the tar sands pipeline doesn't get made, it's because a huge amount of people are doing something that doesn't involve remuneration, money, etc., because we're not actually the self-interested financial instruments that economists like to imagine we are.” PeopleIfsKnowsMadeSelfActingImagineHugeAmountPaidInstrumentsFinancialOilMade ItCorporationsSandEtcLots Of MoneyEconomistCompensationEnvironmentalistPipelineRemuneration Author:Rebecca Solnit
“It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.” WholeHappenedIndustrySafePaidCrisisFinancialCompassRatingFinancial Crisis Author:Matt Taibbi
“Since 1994, lawmakers on both sides of the aisle have considered it politically risky to offer a plan to fix America's broken health care system. The American public, though, has paid the price for this silence as health care costs skyrocketed, millions went uninsured, and millions more grappled with financial insecurity and hardship.” CareAmericaSidesSilenceMillionsPlansBrokenCostOffersPaidFinancialHealth CareInsecurityHardshipBoth SidesAisleHealth Care SystemLawmakersHealth Care Costs Author:Ron Wyden
“On a cold, fretful afternoon in early October, 1872, a hansom cab drew up outside the offices of Lockhart and Selby, Shipping Agents, in the financial heart of London, and a young girl got out and paid the driver. She was a person of sixteen or so--alone, and uncommonly pretty. She was slender and pale, and dressed in mourning, with a black bonnet under which she tucked back a straying twist of blond hair that the wind had teased loose. She had unusually dark brown eyes for one so fair. Her name was Sally Lockhart; and within fifteen minutes, she was going to kill a man.” MenHeartPersonsEyeYoungGirlNamesBlackDarkMinutesWindHairColdOfficeFairsPaidFinancialLondonAgentsMourningBrownDriversAfternoonPaleFifteenTwistsOctoberSixteenCabSlenderShippingBrown EyesBonnets Book:The Ruby in the Smoke: A Sally Lockhart Mystery Source: The Ruby in the Smoke: A Sally Lockhart Mystery
“Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer? A real engineer build bridges, a financial engineer build, build dreams. And when those dream turn out to be nightmares, other people pay for it.” PeopleShouldRealPhilosophyDreamPoliticalTurnsPayFourHundredEconomicsPaidFinancialBridgesNightmareEngineers Author:Andrew Sheng
“I like the financial security because I know how hard it is for so many people who struggle to earn a living. I'm grateful I don't have to worry about money and I can live very freely and do something I love and get paid very well to do it. I tell my friends to slap me if they ever think I'm getting full of myself.” PeopleIfsThinkingKnowsWellsI CanHardWorryKnow HowStruggleSecurityMy FriendsPaidGratefulFinancialSlapFinancial Security Author:Jennifer Lawrence
“You cannot cheat with the law of conservation of violence: all violence is paid for, and for example, the structural violence exerted by the financial markets, in the form of layoffs, loss of security, etc., is matched sooner or later in the form of suicides, crime and delinquency, drug addiction, alcoholism, a whole host of minor and major everyday acts of violence.” WholeFormLawLossViolenceSecurityCrimeExampleDrugMajorsPaidSuicideEverydayAddictionFinancialEtcHostMinorsSooner Or LaterCheatConservationAlcoholismDrug AddictionDrug AddictMatchedFinancial MarketsActs Of ViolenceDelinquencyLayoff Author:Pierre Bourdieu