A Quote by Michael Hudson

In fact, there's no way that banks can be paid everything that they're owed.

Michael Hudson

Quote Topics

Banks Everything Fact In Fact Owed Paid Way

Quote Author

Michael Hudson
American - Professor
Born: 1939

All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.

John Delaney

Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.

Peter Schiff

If people work for me over the years, I expect them to be paid what they're owed, but I don't expect them to be paid more than they earn.

Dolly Parton

Political scientists don't work at banks which is a problem. As political issues become more important for the markets, analysts at banks are asked all sorts of questions they don't have the ability to answer. And if you're getting paid to answer questions as analysts at banks are you never want to be in the position of saying you don't know.

Ian Bremmer

Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infinite quantities if we don't constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply.

Adair Turner, Baron Turner of Ecchinswell

Nobody knows everything that's hidden in the balance sheets of banks. In fact, they are completely impenetrable.

Jerome Kerviel

You are not paid to work hard. In fact, you are not paid for effort at all. You are paid for results. It's not what you do; it's what you get done.

Larry Winget

Across the years, in spite of everything I knew, my passion endured. Newspapers and magazines paid me to cover fights when I'd have paid my own way.

Pete Hamill

Below-target inflation increases the real value of debts owed by households and businesses and reduces the ability of central banks to respond to downturns.

Jerome Powell

When I was in N.W.A. and didn't get paid all the money I was owed, that's when the business side of showbiz hit me.

Ice Cube

Anything less than total candor was bullshit. I owed that to my readers, I owed that to myself, and I owed that most specifically to my mother. I've had some thrilling moments in my 18-year literary career to this point, and nothing comes close to giving Geneva Hilliker Ellroy, the farm girl from Tunnel City, Wisconsin, to the world.

James Ellroy

The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.

Abdul Aziz Al Ghurair

I tended to give a book a chance and another chance and another, sometimes seeing it all the way to the end, still hoping for for it turn out different. Maybe I was confused about what you owed a book. What you owed people, for that matter, real or fictional.

Deb Caletti

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

Michael Hudson

I owed it to my father that I was elected to Parliament in the first place, but I owed it to my mother that I stuck it out once I got there.