Famous Quotes & Sayings

They (the Legislature) robbed all the little piggy banks of all the schools to make it look like they were delivering tax relief. All districts need surplus, like every business or household.

They said that I was more than welcome to go to bankruptcy court and file a claim, but they also said you'd be lucky to get 20 cents on the dollar returned to you as well.

The housing market is not slowing sufficiently to comfort the Reserve Bank of New Zealand.

The Hong Kong market is a tough one for the banking sector.

You don't have that. How would the situation be any different if Mr. Giordano were a bank president?

James Grant

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

Nassim Nicholas Taleb

The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.

Nassim Nicholas Taleb

If you are in banking and lending, surprise outcomes are likely to be negative for you.

The headline figure was only in line with expectations and therefore it did not have any impact on market perceptions about near-term monetary policy management by the Bank of Japan.

The highest-yielding CDs might not be at the bank around the corner, but they are perfectly safe and FDIC-insured.

The Greenspan era has coincided with a period when the global economy has made the job of a central banker easier.

The great post-Katrina inflation scare has vanished, with gasoline prices coming back down to Earth and core inflation on track to match the Bank of Canada's latest estimate of 1.6 per cent for Q4.

The impact on the economy is that unemployment will increase and maybe commercial banks will face a difficult operating situation. It's a risk to our economy.

The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.

The immediate impression is that the inflation report is pretty neutral. It does little to encourage the view that the bank could trim rates in the immediate future.

The independence of the central bank is a requirement for any country belonging to the European Union. Pressures, what ever side they come from, are simply unacceptable.

The increase in orders is particularly welcome. The bond market may like the fact that the prices paid component dropped 11 points, reversing most of the big gain in November. Analysts are banking on strength in manufacturing next year to offset some of the expected weakness in housing related consumer demand.

The increase in bank lending is a sign that the pace of increase in liquidity could grow too fast. That means that the Bank of Japan has got support for ending its super-loose monetary policy.

The improvement is a result of our successful acquisition strategy and solid internal growth in both our Bank of the West and First Hawaiian Bank subsidiaries.

The distraction from the integration of two companies is behind them. The focus has shifted to growing the bank in a competitive environment.

You've got a lot of factors here all coming into play. Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders.

You've got a lot of factors here all coming into play, ... Oil is having a negative impact and the pre-announcement news from Viacom was significant. You also had all the banks reporting strong earnings yesterday, but yet they're selling them off two days in a row, and we're near the end of the quarter and you've got portfolio managers wanting to cash out of the rally's recent leaders.

And I think we as a people need to stop being disingenuous about what the Constitution provides for. It does not provide for this all-encompassing power that we've seen exercised over the last several decades. It's what's gotten us into this bankrupt position.

All told, a fairly strong reading that will only buttress the Bank of Canada's case for remaining hawkish.

John Wilson

All three victims are stating that they don't remember being told that they have to buy something, but that's what the company states, that they're selling something. Two of them felt intimidated, that they were pressured, and like they needed to give up their bank information.

The major lesson to be learned from Enron is that every major bank still gets greedy,

The union's proposal was intended merely to preserve a status quo that promises escalating ticket prices, competitive imbalance, bankrupt franchises, hundreds of millions in team losses and 20 teams losing money - all of which imperil the future of our game,

The U.K. data looks quite reasonable. The Bank of England is going to be on hold for a while.

The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario.

The UAE is the major banking center in the area, and they realized that unless they got serious about fixing their banking laws, their entire economic base would collapse.

These are long-term leases and these banks can stay in our stores for 15 years and in some cases even more. We're committed to community bankers and we're committed to what they bring to our stores and their customers. We're their allies.

These are impressive numbers. Underlying growth momentum still suggests that the central bank should continue with policy tightening.

Steve Bartlett

This is not about bankruptcy attorneys, it?s about consumers, ... This has had huge bipartisan support over three years.