#banking

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

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

I saw a bank that said "24 Hour Banking," but I don't have that much time. ↗

— Steven Wright

#banking #hour #i #much #said

He tried to read an elementary economics text; it bored him past endurance, it was like listening to somebody interminably recounting a long and stupid dream. He could not force himself to understand how banks functioned and so forth, because all the operations of capitalism were as meaningless to him as the rites of a primitive religion, as barbaric, as elaborate, and as unnecessary. In a human sacrifice to deity there might be at least a mistaken and terrible beauty; in the rites of the moneychangers, where greed, laziness, and envy were assumed to move all men's acts, even the terrible became banal. ↗

— Ursula K. Le Guin

#banking #banks #capitalism #economics #leguin

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

After graduating from college I worked at a variety of jobs, from banking to politics. I enjoyed whatever I was doing at the time but I didn't love my work. ↗

— Joe Flanigan

#banking #college #doing #enjoyed #graduating

So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services. ↗

— Sanjay Kumar

#banking #companies #customer #far #financial