Quotes About Bank Credit

#1. As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise.

Murray Rothbard

#2. The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.

Murray Rothbard

#3. The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of 1819 as a confirmation of his pessimistic views on banks.

Murray Rothbard

#4. O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapour.

Lord Byron

#5. The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.

Hilaire Belloc

#6. The bank hath benefit of interest on all moneys which it creates out of nothing.

William Paterson

#7. Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.

Gianni Agnelli

#8. Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.

Bernie Sanders

#9. You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.

Jamie Dimon

#10. Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.

Robert Kiyosaki

#11. The business of a bank is to lend money; which amounts, nowadays, to lending credit.

John Buchanan Robinson

#12. Is there a market for somebody selling a credit card that helps people pay down their balances? I think the question is yes. But it would have to be sold by a bank that's really willing to invest in being a trusted partner with its consumers, because they will make less money on each consumer.

Richard Thaler

#13. Robert M. Morgenthau, the Manhattan district attorney, has seen a few financial schemes in his time. As the lead local prosecutor in the world's financial capital, he has battled frauds like the Bank of Credit and Commerce International, which stole billions of dollars from investors worldwide.

Alex Berenson

#14. Because Mint has access to all of your bank accounts and credit cards, we can detect fraud or unusual spending patterns faster than your bank, then send an email or text message alert to users.

Aaron Patzer

#15. It turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank.

John George Nicolay

#16. Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.

William James

#17. My bank must stop trying to sell me identity theft protection. You know why I expect you to protect my money? Because you're a bank.

Bill Maher

#18. Unless we have a Central Bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history.

Jacob Schiff

#19. Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.

David Dreman

#20. Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.

Abraham Lincoln

#21. Never pretend to have money except when you are in straits. The poor man who pretends to have a bank account betters his credit and takes no risk. But the prosperous individual who counts his money in the street, forthwith will be invited to attend a charity bazaar.

George Ade

#22. If you decide you need a secured card, use it to charge small items every month, then pay the balance off in full. If your credit score improves, and the bank doesn't offer to upgrade your card within 12 to 18 months, give them a call. If they refuse, try another lender.

Jean Chatzky

#23. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

Ron Paul

#24. To further encourage flow of credit to what we thought were stressed sectors, we extended regulatory forbearance to banks by relaxing the risk weights and provisioning norms governing bank loans to the stressed sectors. This

Duvvuri Subbarao

#25. I try to use my debit card rather than a credit card, but I will use a credit card for big purchases because I bank with Coutts and I get points.

Sean Pertwee

#26. If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.

Suze Orman

#27. His kid brother had been smart enough to make something of himself in the big world; Ollie himself might have been smart enough to stay ahead of the bank loans and the credit cards, but not much more.

Stephen King

#28. On any measure, Spain's bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country's credit rating has been downgraded three notches.

Daniel Hannan

#29. If your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union.

Michael Moore

#30. I love a hotel that offers Wi-Fi Internet access, especially if it's free. But I never access sensitive information, like my bank account or an online shopping site that stores my credit card information, on a public Wi-Fi connection.

Jean Chatzky

#31. I am president of Russian Standard Company, biggest luxury vodka in Russia. My bank, Russian Standard Bank, issues biggest number of credit cards in Russia. I want for Russian people to have their own best vodka, their own best bank, their own best credit card.

Roustam Tariko

#32. Everyday I awake with good health, I credit my bank account with a billion dollar, 'hidden deposit'. Conceptually, the minimum I would pay for it.

Garry Fitchett

#33. Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.

Henry Paulson

#34. To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.

Ben Bernanke

#35. Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.

Suze Orman

#36. I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.

Kevin Mitnick

#37. In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out.

Matt Taibbi

#38. The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.

Robert Fogel

#39. There's no better credit card in the world than driving up at a bank door in a Cadillac limousine.

Tennessee Williams

#40. Next time you're faced with a credit-purchase decision, wait. Don't say no necessarily. Just wait. I challenge you to present your need to the Lord before presenting it to a bank, and see what He does with it.

Charles R. Swindoll

#41. I don't use a debit card. The safest thing is a credit card because you're using the bank's money. If someone accesses your information, they are stealing the bank's money, not yours.

Frank Abagnale

#42. Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.

Melissa Bean

#43. I came out of my professional athlete career with a 450 credit score, no money in the bank to show for it, but I had an Ivy League degree. So I put that Dartmouth degree to good use and got a job on Wall Street. I hated it but used the time to make connections and become financially literate.

Brian J. White

#44. You work for the bank. After taxes, your next largest expense is usually your mortgage and credit card debt.

Robert T. Kiyosaki

#45. In this impersonal world of the nine-digit zip code, credit cards, and numbered bank accounts, in this world of no marriage, late marriage, and remarriage, the operative word in office relationships is 'family.

Lois Wyse

#46. The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers.

Robert Kiyosaki

#47. If you need to put your money in a safe and secure place and you want it to earn interest, Treasury bonds are safer than putting it in any bank as a deposit or putting it anywhere else, because they are backed by the full faith and credit of the United States Government.

Jim Cooper