A Quote by Elizabeth Warren
If the big banks expect to buy influence when they give money to favored think tanks, then the public has a right to know. If the big banks don't expect to buy influence and are merely making charitable contributions, then their shareholders have a right to know. Either way, there's no excuse for keeping these payments secret.
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My guess is the big Chinese banks will be in 100?countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know.
From drug companies to health insurers to Wall Street banks, big corporations are spending millions to buy influence in Washington and drown out the voices of regular people.
Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.
If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read balance sheets, well then, don't buy them.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
Separating out banks and investment banks right now under Glass-Steagall would have very big implications to the liquidity and the capital markets and banks being able to perform necessary lending.
Economically, ISIS is making money every day on the black market with their oil fields. But they are also putting money in banks. We know where those banks are. We should go after the banks and the facilitators using them.
We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then building societies where you'd join a waiting list for a mortgage. But then banks started buying stockbrokers, doing mortgages, and you ended up with these big banking groups doing everything.
Having been governor of New Mexico, I know that legislation gets passed to benefit those who have money and influence. Then they buy more money and influence. That's one reason why, as governor, I vetoed more than 750 bills and thousands of line items. I did it to keep crony capitalism away from government.
One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
The ECB puts out money that is meant to help our banks, but they do not use it to finance our businesses, but they give it to them to buy back their debt, to help French and German banks.
Money can't buy you happiness, but it can buy you a yacht big enough to pull up right alongside it.
I think there's a disconnect between political leaders and young voters around a lot of things related to the private sector. For example, a lot of politicians continue to attack big banks. While I'm not a defender of big banks, my sense is younger voters have had generally pretty good experiences with banks.
The most encouraging sign is that 71 percent of the public believe the system is profoundly corrupted by the power of money. Ninety-six percent of the people believe it's "important" that we reduce the influence of money. Yet 91 percent think it's "not likely" that its influence will be lessened. Think about that: People know what's right to do yet don't think it can or will be done.
If you're not that big player, then nobody's really gonna know who you are to promote the brand. If LeBron says, 'Go buy this shoe, it's amazing,' I would probably go buy it. But if some random person on the street was like, 'Hey, go buy this shoe,' I probably wouldn't.
But the good news, the crime rate is down. Isn't that amazing? Less banks are being robbed. Well, sure. A, there's less banks. B, the banks don't have any money left. And C, nobody's got gas money for the getaway car. So, right there, crime is down!
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