The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
[Jeremy] Bentham held no post at the mercy of bankers and tripe sellers; he was a man of independent means, a lawyer and politician and a heretic in general practice. It is impossible to imagine such a man occupying a chair at Harvard or Princeton.Hehad a hand intoomany pies; he was too rebellious and contumacious; he had too little respect for authority, either academic or worldly. Moreover, his mind was too wide for a professor; he Mencken could never remain safely in a groove; the whole field of social organization invited his inquiries and experiments.
bankers'genes were Wall St. genes, especially in the big cities. If the banks were conservative just now , it was because bankers still awoke in the middle of the night, trembling and sweaty with thoughts of the Crash. But intimeanewgenerationwouldtake over: ambitious, overcompetitive young men to whom1929 would be merelya date on a page; such menwould sever theroots of memory as if with an ax, not realizing that those tendrils were also the rudder cables.
Nearly all the Escapists in the long past have managed their own budget and their social relations so unsuccessfully that I wouldn't want them for my landlords, or my bankers, or my neighbors. They were valuable, like powerful stimulants, only when they were left out of the social and industrial routine.willa cather
Most bankers dwell in marble halls,Which they get to dwell in because they encourage deposits and discourage withdrawals,And particularly because they all observe one rule which woe betides the banker who fails to heed it,Which is you must never lend any money to anybody unless they don't need it.ogden nash
The ancient nobility and gentry of the kingdom...have been thrust out of all public employment...a race of merchants, and manufacturers and bankers and loan-jobbers and contractors have usurped their place.william cobbett
I have always said, that, without commerce...this island could not possibly continue to be great...but, it is the system of rendering every thing commercial; of making merchants and bankers into Lords; of making a set of fund-dealers the distributors of honours and rewards...it is this system that I reprobate.william cobbett
Democracy entails a correlation between the public interest as expressed by a majority of the population and the governmental policies that affect them. The term encompasses various manifestations, including direct, participatory and representative democracy, but Governments must be responsive to people and not to special interests such as the military-industrial complex, financial bankers and transnational corporations. Democracy is inclusive and does not privilege an anthropological aristocracy.alfred de zayas
Abraham Lincoln was assassinated through the machinations of a group representative of the international bankers, who feared the United States President's national credit ambitions.
Parish's observant father had once commented to her that Toronto was a city of straight streets and square corners built by Scottish bankers to make money - not to look at the beautiful lake or the wonderful valleys and forests. He was mostly right, but Bay was a rare exception to the city's linear grid.
The clear and present danger is, instead, that Europe will turn Japanese: that it will slip inexorably into deflation, that by the time the central bankers finally decide to loosen up it will be too late.
The clear and present danger is, instead, that Europe will turn Japanese: that it will slip inexorably into deflation , that by the time the central bankers finally decide to loosen up it will be too late.
They should be taking bonuses from bankers, not library books from schoolchildren. What kind of society are we building?
I think that sex is necessary and bankers are not.
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.ben bernanke