A Quote by James Grant
Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.
Related Quotes
Half of the troubles of this life can be traced to saying yes too quickly and not saying no soon enough.
All the controversialists who have become conscious of the real issue are already saying of our ideal exactly what used to be said of the Socialists' ideal. They are saying that private property is too ideal not to be impossible. They are saying that private enterprise is too good to be true. They are saying that the idea of ordinary men owning ordinary possessions is against the laws of political economy and requires an alteration in human nature.
Workers all too frequently have been taking it on the chin. They're working hard and falling behind, all too frequently.
It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans.
No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis.
The nation's largest savings and loan, Washington Mutual, has become the biggest bank failure in history. See, the problem with the savings and loans? Not enough savings, too many stupid loans, okay In fact, they changed their name from WaMu to 'screw you.'
When you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people running these banks. They're the chief officers, and they push the loans because they don't care if they go bad. For one thing, they may package these bad loans and sell them off to gullible institutional investors.
One of the most effective means for transcending ordinary and moving into the realm of extraordinary is saying yes more frequently and eliminating no almost completely. I call it saying yes to life. Say yes to yourself, to your family, your children, your coworkers, and your business.
I've seen cashiers, servers, transit operators, bank tellers and customs officers speak much too quickly on purpose as if it pained them to have to spend another second of their lives conversing with my parents.
If there were not derivatives, there would be no bank loans at all today, because people want to get fixed-rate 30-year loans, but banks don't want to keep 30-year loans on their books.
We danced too wild, and we sang too long, and we hugged too hard, and we kissed too sweet, and howled just as loud as we wanted to howl, because by now we were all old enough to know that what looks like crazy on an ordinary day looks a lot like love if you catch it in the moonlight.
Worried about an IRS audit? Avoid what's called a red flag. That's something the IRS always looks for. For example, say you have some money left in your bank account after paying taxes. That's a red flag
The imagination doesn't crop annually like a reliable fruit tree. The writer has to gather whatever's there: sometimes too much, sometimes too little, sometimes nothing at all. And in the years of glut there is always a slatted wooden tray in some cool, dark attic, which the writer nervously visits from time to time; and yes, oh dear, while he's been hard at work downstairs, up in the attic there are puckering skins, warning spots, a sudden brown collapse and the sprouting of snowflakes. What can he do about it?
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
We've been in the business of regional banking, and we understand what it is to make loans, and that's the engine of growth to small and medium sized business.
Yes, it is not all about training hard. If you do too many sets and too much volume overall, your body is just going to be spending all its time trying to recover and not overcompensating because it doesn't have enough resources for that.
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