A Quote by James Grant

[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.

James Grant

Quote Topics

Around Bad Bank Doubt First Loan Made No Doubt Opening Time

Quote Author

James Grant
Writer
Born: 1946

When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.

Robert B. Anderson

What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.

Jeroen Dijsselbloem

If there was a payment to the bank due, and we needed shoes, she'd get the shoes, and then deal with them guys at the bank. I don't mean she wouldn't pay the bank, but the children always came first.

Larry Bird

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.

James Chanos

We were the first bank to start a loan modification at IndyMac and had a very good record of working with the regulators.

Steve Mnuchin

When I was opening my first bank account, the person at the counter thought I was a girl.

Craig Revel Horwood

Don't get me wrong. I don't mind playing bad guys. I want to play a bad guy. I want to rob a bank. I want to rob a bank in a film. I want to rob a bank in a film but do it with a gun - with a gun, not with a bomb strapped around me.

Maz Jobrani

If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.

William J. Clinton

Choicelessness brings you to the whole. Choice is always of the part, necessarily so. And then one person goes from one choice to another, becomes a driftwood - from this bank to another bank, from that bank to this bank. This is how you have been moving, down the ages, for so many lives

Rajneesh

Every musician creates a bank. You'll first check if any of the songs from the bank fits in, and if you feel it does, you suggest it to the filmmakers. Sometimes it works, while sometimes it gets rejected.

Ankit Tiwari

I went to the library and learned how checks work. I found out that routing numbers are like zip codes: the checks are sent to the bank that correlates to the routing number. If I manipulate those numbers to a bank far away, it would take longer to get back to the bank, which gave me more time to write more bad checks.

Frank Abagnale

They say the average bank robber lives within say about 20 miles of the bank that he robs There's this little bank not so far from here I've been watching now for a while Seems like lately alls I can think about is how bad I wanna go out in style

Todd Snider

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

Bernard Baruch

You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.

Jamie Dimon

And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.