A Quote by Margaret Ayer Barnes
All banks should be under government control. Deposits guaranteed, dividends reduced, officials turned into state servants taking their orders from Washington.
Quote Topics
Quote Author
Related Quotes
We need the government to force the banks to write down all their bad assets now and then recapitalize themselves, preferably with private capital. Those banks that cannot raise sufficient capital should be seized and their deposits sold off.
We really need a public-interest government that is not taking marching orders from the fossil-fuel industry and the banks and the war profiteers. We really need a government that is acting on our behalf.
Fractional reserve banks are sitting ducks and are always subject to contraction. When the banks' state of inherent bankruptcy is discovered, for example, people will tend to cash in their deposits, and the contractionary, deflationary pressure could be severe.
Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to customer B should be called banks. The rest should call themselves what they are. 'Parlors' would be appropriate, or 'dens' - words more suitable to venerable betting pursuits.
In the Obama administration's Washington, government officials are increasingly afraid to talk to the press. The administration's war on leaks and other efforts to control information are the most aggressive I've seen since the Nixon administration, when I was one of the editors involved in The Washington Post's investigation of Watergate.
At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
There's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another.
Men in great place are thrice servants: servants of the sovereign or state, servants of fame, and servants of business.
People who are government servants, public servants, should not be paid more than the taxpayers who are paying for it.
In our election manifesto is: we keep the right to create money and to bring in circulation, for the cause of the government ... Those who do not share this view, reply us to the issue of paper money is for the banks, the government should stay out of the banking business. I agree with Jefferson's opinion ... and just like him I say again: the issue of money is a matter for the government and the banks should stay out of government activity.
Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.
The first thing we have to do is get spending under control in Washington. It's completely out of control. We Republicans came to power to change government, and government changed us.
The budget should be balanced, the treasury should be refilled, the public debt should be reduced and the arrogance of public officials should be controlled.
State courts usually rule that correspondence between government officials, about government business, are public records, whether they use their government e-mail accounts or private ones.
The orders and directives issued on the basis of government decisions should be exhaustive and factual. Deep and thorough examination is required before taking a decision on important policy matters.
The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control.
Related Authors
Charles Bukowski Quotes
American
Novelist
Charles Dickens Quotes
English
Novelist
Chuck Palahniuk Quotes
American
Novelist
Ernest Hemingway Quotes
American
Novelist
George Eliot Quotes
British
Novelist
George Orwell Quotes
British
Novelist
George R. R. Martin Quotes
American
Novelist
Jane Austen Quotes
British
Novelist
Johann Wolfgang von Goethe Quotes
German
Novelist
Margaret Atwood Quotes
Canadian
Novelist
Nicholas Sparks Quotes
American
Novelist
Paulo Coelho Quotes
Brazilian
Novelist
Sarah Dessen Quotes
American
Novelist
Stephenie Meyer Quotes
American
Novelist
Veronica Roth Quotes
American
Novelist
Victor Hugo Quotes
French
Novelist