A Quote by Warren Buffett

The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.

Warren Buffett

Quote Topics

American Around Banks Doing European Extent Globe Happen Mean Quite Same Same Thing Same Things Things Things Happen Were

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.

Noam Chomsky

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?

Anurag Thakur

As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.

Jamie Dimon

Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.

Jamie Dimon

Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.

Jamie Dimon

After Dodd-Frank, the big banks were bigger. The small banks are fewer.

Jeb Hensarling

What is the system? It revolves around the banks, the system is built on the power of the banks, so it can be destroyed through the banks.

Eric Cantona

We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then building societies where you'd join a waiting list for a mortgage. But then banks started buying stockbrokers, doing mortgages, and you ended up with these big banking groups doing everything.

Theo Paphitis

I think there's a disconnect between political leaders and young voters around a lot of things related to the private sector. For example, a lot of politicians continue to attack big banks. While I'm not a defender of big banks, my sense is younger voters have had generally pretty good experiences with banks.

John Delaney

The Germans made just about every bad investment you could have made in the last 10 years. They invested in Icelandic banks. They invested in Greek government bonds. They were heavy into Irish banks, big into Irish banks, and they bought U.S. subprime mortgage bonds.

Michael Lewis

Civilization is a stream with banks. The stream is sometimes filled with blood from people killing, stealing, shouting and doing the things historians usually record, while on the banks, unnoticed, people build homes, make love, raise children, sing songs, write poetry and even whittle statues. The story of civilization is what happened on the banks.

Will Durant

Under Bill Clinton's HUD Secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in 'credit-deprived' areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.

Lawrence Kudlow

Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long time were major creditors for Greece and Greek banks.

Mario Monti

When I started the business, only banks operated at airports, only banks issued travellers' cheques, only banks issued international payments, only banks serviced their own branch networks.

Lloyd Dorfman

There is a very strong linkage between U.S. banks and European banks. There are plenty of European employees that are employed by U.S. companies, and there are plenty of U.S. employees that are employed by European companies.