#banking

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. ↗

— Lawrence Summers

#back #banking #century #crises #depression

The reform of state industry, and most directly related to that, the banking sector, is enormously daunting. ↗

— William Kirby

#daunting #directly #enormously #industry #most

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed. ↗

— Manmohan Singh

#balance #banking #banking system #clean #clean up

There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. ↗

— Frederick Soddy

#banking system #debt #deeper #ever #expansion

When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything. ↗

— Craig Ferguson

#credit #mob #money #real-estate #recession

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. ↗

— John Maynard Keynes

#debt #economics #economics

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected. ↗

— Jean-Francois Cope

#been #being #considerable #country #crisis

At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid. ↗

— James Buchan

#banking #banks #call #cannot #each

We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy. ↗

— Vince Cable

#banking #british #chunks #current #economy

You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there. ↗

— Dick Cheney

#back #banking #banking system #care #etc