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Banking System Quotes

How money really gets made and moved.

These banking system quotes explain lending and money supply in plain terms, echoing basic economics lessons. Continue with Banking quotes for a closer look at the industry itself.

Daniel Tarullo has more power of the U.S. banking system than anybody since Alexander Hamilton. That's not an exaggeration, by the way.

Quotes by Steve Eisman

The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance.

Quotes by Ron Chernow

In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down.

Quotes by Roger Altman

The attitude of the people proves that not only do we want to, but that we can succeed in pulling our country out of the difficult position it finds itself in. The banking system of our country will survive and...

Quotes by Nicos Anastasiades

Ability Quotes

I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin.

Quotes by Max Keiser

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

Quotes by Lucy Powell

If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.

Quotes by Kenneth Fisher

The modern banking system manufactures money out of nothing.

Quotes by Josiah Stamp

Our wise men flattered us into the adoption of the banking system under the idea that boundless wealth would result from the adoption.

Quotes by John Tyler

Age Quotes

As much as the banking system may not be terribly popular, it is an essential part of the economy.

Quotes by James P. Gorman

The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely...

Quotes by James Chanos

There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.

Quotes by Frederick Soddy

Frequently Asked Questions

What do these banking system quotes explain?
They cover how lending affects the money supply, how modern banking creates money, and how much power sits with a country's financial regulators.
Is the banking system described as fragile in these quotes?
One quote expresses confidence that a country's banking system can help pull it out of a difficult economic position, striking a more hopeful tone.
How is money creation explained here?
One quote states plainly that today's banking system essentially manufactures currency from thin air, referencing how net lending expands the overall money supply.
Who is compared to Alexander Hamilton in this topic?
A modern financial regulator, Daniel Tarullo, is described as holding more influence over the U.S. banking system than anyone since Hamilton's era.
What related quotes cover finance and regulation?
See Banking quotes for more on the industry itself, or Ability quotes for related ideas on capability and control.

One line even measures a single regulator's influence against a founding-era statesman, underlining how concentrated financial power can get. See Attitude or Ability quotes for related themes on control and capability.