A Quote by Norman Mailer

We didn't win the Cold War, we were just a big bank that bankrupted a smaller bank because we had an arms race that wiped the Russians out.

Norman Mailer

Quote Topics

Arms Arms Race Bank Because Big Cold Cold War Had Just Out Race Russians Smaller War Were Win

Quote Author

Norman Mailer
American - Novelist
January 31, 1923 - November 10, 2007

For 40 years we were led to think of the Russians as godless, materialistic and an evil empire. When the Cold War ended, we suddenly discovered that Russia was a poor Third World country. They had not been equipped to take over the world. In fact, they were just trying to improve a miserable standard of oppressive living, and couldn't. They had to spend too much on arms build-up. We didn't win the Cold War; we bankrupted the Russians. In effect, it was a big bank exhausting the reserves of a smaller one.

Norman Mailer

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

As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."

Jamie Dimon

World War I broke out largely because of an arms race, and World War II because of the lack of an arms race.

Herman Kahn

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

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

I want to work in a bank, definitely. Hopefully, my acting career will go well. But if it doesn't, I go to a bank. If it does, then even at the age of 40, I will still go to a bank, but I have to work in a bank, because I'm really fond of taxation and accounts and investments and all of that. So I will do it. At some point, I will, yes.

Tena Desae

Don't act like a bank unless you are a bank. That was a really big lesson learned from 2008.

Kenneth C. Griffin

I was kind of just too lazy to take my money out of the bank until I saw how Citi Bank responded to Occupy Wall Street.

Talib Kweli

Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.

Traian Basescu

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.

Arthur Laffer

That is potentially putting us all in the target hairs now is the reactivation of a new nuclear arms race. This arms race and this cold war is potentially hotter than it's been at any time in my lifetime.

Jill Stein

We have all the cards. Because we're like the piggy bank that everybody keeps stealing from. But pretty soon we're not going to be piggy bank anymore. We're going to be the opposite of the piggy bank.

Donald Trump

I come out of a Cold War sensibility, a Cold War mentality, and during those Cold War years, I used to know, I thought, the answers to everything. And since the end of the Cold War, I'm just a dumb as everyone else.

Jules Feiffer

I do remember that I was very relieved that I did not have to go into a bank with them. I had, as you recall, I had already been brought into a bank before and it was better to be sitting outside.