Financial Quotes
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The Cyprus Financial Crisis was a devastating blow to Cypriots and halted their banking system. Banks closed for two weeks to prevent a banking panic. When they reopened, capital controls were placed on the people's money, and customers were met by armed guards at the branches.
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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.
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The First Nations Financial Transparency Act insulted the integrity of the very people in our communities who guide our economic policy and act as our mediators with provincial and federal governments.
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Just because scientists have the knowledge to do it, the technology to do it, and some may even have a financial motive or other incentive to do it, does not make it right.
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Here's how I look at it: Life is full of challenges. Everybody has them. For some, it's health or family crises. I had a financial challenge.
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When we have financial struggles, kids are so much more aware of things than we want them to be.
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Information, education, skills, healthcare, livelihood, financial inclusion, small and village enterprises, opportunities for women, conservation of natural resources, distributed clean energy - entirely new possibilities have emerged to change the development model.
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In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren't worried about going bankrupt. They figure the central government will help them out.
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At Mint, we developed five pending patents on our technology, ranging from categorization to the Ways to Save system that calculates how much a new financial product would save a user given their present financial situation.
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The prevailing - and foolish - attitude is that a good manager can be a good manager anywhere, with no special knowledge of the production process he's managing. A man with a financial background may know nothing about manufacturing shoes or cars, but he's put in charge anyway.
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I'd be kidding if I said that I predicted the financial collapse.
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The reality is, risk is variable. Those in the financial world know it.
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A lot has been done to improve safety and soundness and confidence in financial markets and financial institutions, a lot of which was necessary.
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The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system.
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I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.
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Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
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We at Fidelity view ourselves just as much a financial information processing company as an investment management firm. That may not be too newsworthy.
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Financial transaction tax raises problems of competition.
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My one issue in this country is to get on a firm financial footing. There's not much you can do if you're bankrupt.
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There's every financial incentive in the world to stay in the conservative movement forever.
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I think risk is important. I don't care if it's a great financial risk or a physical risk. You only get out of something what you put into it and the fact that you are willing to risk something means that you are going to get a lot more out of it.
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The GSEs became powerful advocates for their own bottom lines, providing substantial financial support for political candidates who supported the GSE agenda.
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Why did they go to Hollywood? Because they could get access to the American financial sector. The Jews were neither authorized to be bankers or doctors nor lawyers or professors. That's why they concentrated on something new: cinema.
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Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term to describe portfolios that have been assembled for purposes other than serving the clients' best interests.
