#banking

The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile. ↗

— James Chanos

#banking system #built #china #chinese #clear

The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance. ↗

— Ron Chernow

#age #banking #banking system #conventional #faith

From blood banking to the modern subway, from jazz to social justice, the contributions of African Americans have shaped and molded and influenced our national culture and our national character. ↗

— Bill Frist

#african americans #banking #blood #character #contributions

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada. ↗

— Stephen Harper

#banking #because #canada #canadians #causes

The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules. ↗

— Arianna Huffington

#brink #class #collapse #company #disaster

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe. ↗

— John Major

#banking #bonds #could #create #crisis

My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking. ↗

— Douglass North

#around #banking #centered #dissertation #early

Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers. ↗

— Frances O'Grady

#deliver #devices #economies #expensive #governments

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit. ↗

— John Redwood

#banking #banks #could #crisis #dangerous

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country. ↗

— Adam Smith

#augmenting #banking #capital #country #greater