#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

If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government. ↗

— George Osborne

#banking system #change #gone #government #learn

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

There's definitely evidence that capitalism at its most ruthless rewards psychopathic behavior. When you look at the worst corners of the American health insurance industry or the sub-prime banking market, it really feels like the more psychopathically someone behaves, the more it's rewarded. ↗

— Jon Ronson

#banking #behaves #behavior #capitalism #corners

And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes. ↗

— Debbie Wasserman Schultz

#about #absolutely #also #banking #because

When I look at how the banking world has changed and at the role Chinese banks, for example, play today, Germany, as an export-oriented economy, should be pleased to have a major global player in its camp. ↗

— Peer Steinbruck

#banks #camp #changed #chinese #economy

Identity theft involving these cards is a growing form of white collar crime, facilitating illegal immigration, banking and accounting fraud, tax evasion, and other nefarious activities. ↗

— Ron Lewis

#activities #banking #cards #collar #crime

My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business. ↗

— Frederick W. Smith

#banking #business #idea #industries #innovation

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

We've got activists all across the country like the members of the Million Mom March organization, some of their leaders are here tonight. We're phone banking congressional offices and pursuing editorial boards. ↗

— Michael D. Barnes

#activists #banking #boards #congressional #country