#banking

John D. Rockefeller wanted to dominate oil, but Microsoft wants it all, you name it: cable, media, banking, car dealerships. ↗

— Ralph Nader

#cable #car #dominate #john #media

By the time Obama came into office, Washington had already agreed over a period of a few weeks to a $700 billion government infusion into the world banking system. Nothing of the sort had ever been done before, and it was done spit spot with very little national debate. ↗

— John Podhoretz

#already #banking #banking system #been #before

We are in a situation with the huge stimulus package that's going to be spent all across this nation and a big financial crisis and banking crisis. And what we need is good, trained journalists who can play the role of watchdog. ↗

— Walter Isaacson

#banking #big #crisis #financial #financial crisis

If I had quietly retired as governor in 2007 and went into banking or something of that nature, I would have been, at most, a footnote in the story and probably never mentioned. ↗

— Mike Huckabee

#been #footnote #governor #had #i

The trouble is, nobody knows exactly how the world really works. We are all fallible people with limited knowledge. It is only through Biblical revelation from the One who knows how the world really works because He made it and actively sustains it that anyone can come to a competent understanding of the world. ↗

— Gary North

#christianity #economics #reconstructionism #money

In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist. ↗

— David Graeber

#debt #england #money #money

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

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