A Quote by Steve Mnuchin
Proprietary trading does not belong in banks with FDIC insurance.
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No one has the right to use America's rivers and America's Waterways, that belong to all the people. as a sewer. The banks of a river may belong to one man or one industry or one State, but the waters which flow between the banks should belong to all the people.
People with banking experience haven't all flocked to the biggest banks; community banks and regional banks, along with smaller trading houses and credit unions, have some very talented people.
Proprietary software tends to have malicious features. The point is with a proprietary program, when the users don't have the source code, we can never tell. So you must consider every proprietary program as potential malware.
Proprietary software tends to have malicious features. The point is with a proprietary program, when the users dont have the source code, we can never tell. So you must consider every proprietary program as potential malware.
Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading derivatives than they do trading actual commodities.
Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar.
Proprietary software keeps users divided and helpless. Divided because each user is forbidden to redistribute it to others, and helpless because the users can't change it since they don't have the source code. They can't study what it really does. So the proprietary program is a system of unjust power.
This was Mahatma Gandhi’s idea, moving from ownership to relationship—seeing that land does not belong to us. We belong to the land. We are not the owners of the land. We are the friends of the land, like friends of the earth. The fundamental shift is in this consciousness that land does not belong to us, we belong to the land.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
When the secretary of treasury, the head of the central bank, the head of the FDIC (Federal Deposit Insurance Corp.), and the head of the New York Fed say, "We want you to do this because we think it's in the best interest of the United States of America," you know, we're like the Japanese. We're a little patriotic that way. We said, "Yes, sir!"
Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending,' where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients.
'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
As a physician and a U.S. senator, I have warned since the very beginning about many troubling aspects of Mr. Obama's unprecedented health-insurance mandate. Not only does he believe he can order you to buy insurance, the president also incorrectly equates health insurance coverage with medical care.
You know how on the evening news they always tell you that the stock market is up in active trading, or off in moderate trading, or trading in mixed activity, or whatever. Well, who gives a
If you're someone in the business of verifying transactions on a proprietary network, the invention of Bitcoin cannot be safely ignored. It will change or disrupt the providers of most proprietary payment networks in the coming years.
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