A Quote by Sam Altman

A lot of people don't love their bank. — © Sam Altman
A lot of people don't love their bank.
Bringing 17 crore people to the doors of the bank is a huge task and I commend all the bank officials for the same. It is not difficult to open a bank branch, it is difficult to get 17 crore people to open bank accounts.
There's a lot of work being done through the innovation arm of the World Bank, at the World Bank Institute. There's a lot of work that we at the Rockefeller Foundation are doing and funding towards that end, and increasingly, the U.S. government is getting engaged.
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.
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
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.
People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.
A lot of the Russian economy is built around people who are one way or another milking the state and taking money from the state and recycling it into their private bank accounts. And there are a lot of people who are taking advantage of that, so it's not just one person. It's a kind of web of people doing that, and that's how the system stays in power and how people stay in control.
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.
I love a match like Money in the Bank; I love a hardcore match, and that's what the Money in the Bank ladder matches are. Throw the rule book out and let out your imagination.
When we were young, there weren't very many smart people in the investment world. You should have seen the people in the bank trust departments. Now, there are armies of smart people at private investment funds, etc . If there were a crisis now, there would be a lot more people with a lot of money ready to take advantage.
I think there is this thing where people are impressed - it gives you a leg up in the sense that people won't treat you like a run-of-the-mill actress. They'll assign "smart" to your word bank, your adjective bank.
We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank.
At the end of your life, it's friendships, emotions and thoughts that you take with you, rather than what's in your bank account. So, even though people don't have a lot here, they are a lot richer in many ways and we can learn from that.
The Grameen Bank Ordinance with amendments up to 2008 is a beautiful legal structure for the fulfillment of the ideals and objectives of the bank. Any change in this structure will be devastating for the bank.
I'd like to see feminism really be more loving. Feminists have a lot of righteous anger, and have done a lot to fight for rights. But we need a lot of love and compassion - to embrace people, to educate people. I wasn't a feminist until l I was educated about what it was. I would love to see men attend, and transgender people. Everyone is welcome.
A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.
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