A Quote by Steve Eisman
Nobody is going to invest in the Italian banks unless they trust their balance sheets.
Related Quotes
Nobody knows everything that's hidden in the balance sheets of banks. In fact, they are completely impenetrable.
Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.
I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
If you think too-big-to-fail banks are not worthy of investment because of their impossible-to-read balance sheets, well then, don't buy them.
Where do we invest our trust now? In politicians? Most people would say not. In banks, in religion, in a sense of nationhood? In each other? Even that has been complicated. It feels like there's a total collapse of trust, but without trust, it's impossible to have any sense of who one is.
Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.
Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional activities as banks try to rebuild their balance sheets.
I believe Indian banks have a strong funding profile with largely deposit-funded balance sheets, a large physical presence to cater to the needs of customers, and ability to provide comprehensive solutions to customers.
Who can I trust? You have to invest in somebody and chances are you're probably going to invest in somebody who's going to deceive you. I've been conned a couple of times, but now I'm a little more savvy.
Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.
I don't think Italian football is a particularly appealing product for anyone that wants to invest unless they are Italians that understand exactly what goes on in our country and the way things are done.
Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis.
The 'blind trust' is an age-old ruse. You give a blind trust rules. You can say to a blind trust, don't invest in properties which would be in conflict of interest or where the seller might think they're going to take advantage from me.
Who would you trust right now? Which bank would you trust? Which investment would you trust? Do you really want to put your money; do you want to suffer more of these losses that we just had? You know, these volatility that we see is just unexplainable by any rational standards. Nobody has any clue about how to explain this, and nobody wants to experience that. So, we hold more money back, we don't necessarily want to invest in the market and by default, people are saving more.
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