Quotes 1 till 13 of 13.
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The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.
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Bankers cannot afford to be concerned with only the economic aspects of projects. There may be serious implications on the natural environment, the urban environment, on human culture.
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Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
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Bats have no bankers and they do not drink and cannot be arrested and pay no tax and, in general, bats have it made.
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Being a fan of authentic Dada, I find today's art - what I call 'Bankers' Dada' - mind-numbingly dull. The most challenging work I've seen of late is by The British Art Resistance. Their document, 'A Call for Heroes in an Age of Cowards', is apt in these days of witless chancers.
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In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures.
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Instead, there were a variety of controls of which some could be influenced by bankers, some could be influenced by the government, and some could hardly be influenced by either.
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Of course, bankers were always interested in making money. But when bankers had clients, they bore some responsibility for the clients' welfare.
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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.
Source: A Crash Course for Central Bankers, Foreign Policy (September/October 2000) -
There is too much sour grapes for my taste in the present American attitude. The time to denounce the bankers was when we were all feeding off their gold plate; not now! At present they have not only my sympathy but my preference. They are the last representatives of our native industries.
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Two-thirds of the directors at the New York Fed are hand-picked by the same bankers that the Fed is in charge of regulating.
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What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.
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With a group of bankers I always had the feeling that success was measured by the extent one gave nothing away.
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