In this post, you will find great Financial Quotes from famous people, such as Gene Simmons, Jonathan Banks, Ciputra, Martin Filler, Kenneth C. Griffin. You can learn and implement many lessons from these quotes.
The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success ‘permanently’ is to reset your financial thermostat. But it is your choice whether you choose to change.
People assume that because you have graced the same stage as the star act, in front of thousands, you must be reaping similar financial rewards. This is a complete fallacy.
The financial markets tend to be just a backdrop for a novel, for a heist or something that isn’t necessarilyintegral to it. On the whole, I don’t think the financial world has been well served by novels.
So when you go up against the Far Right you go up against the big financial special interests like the Halliburtons of the world, the big oil companies, the big energy companies who work so hard to rip us off.
Maitre d’s are at the financial spigot of the restaurant, meaning they control who gets in and who doesn’t, but aside from that, they don’t do anything. And yet they get paid as much as the highest-paid people in the place.
If you thought financial crises came and went, just count on them – another economic collapse, it’s almost going to be like not news any more. But for startups this is great, because it’s a perpetual driver of disruption.
The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worstmoments of the crisis, and the economy continues to improve.
As far as your personal goals are and what you actually want to do with your life, it should never have to do with the government. You should never depend on the government for your retirement, your financial security, for anything.
Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.
The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.
I believe that the profits will come from the quality of your creative products. Since the beginning, I’ve always wanted to develop a self-feeding circle of creative productions: the positive financial returns from one show would be used to develop and create a new show, and so on.
Yes, your kids should go to school. No, you shouldn’t bankroll their degree whatever the cost. You’ve spent your life creating a sound financial plan; don’t upend it by suspending your retirement savings or taking out a homeequity line of credit to pay for a pricey college.
When you print money, the money does not flow evenly into the economic system. It staysessentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.
Bulls don’t read. Bears read financial history. As markets fall to bits, the bearsdust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.
The biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negativeconclusions about the companies that pay the fees.
In my family, there was one cardinalpriority – education. College was not an option; it was mandatory. So even though we didn’t have a lot of money, we made it work. I signed up for financial aid, Pell Grants, work study, anything I could.
On private transactions, I’ll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States.
Robert C. Solomon
I represent Staten Island and Brooklyn, and not just that the financial services industry is important to the U.S., but is disproportionately important to New York City.
I think the business community is smart enough to realise that just having a trade union is not enough. They are smart enough to know they need to be part of a union that has political and financial power.
High bankruptcy rates, increased credit card debt, and identitytheft make it imperative that all of us take an active role in providing financial and economic education during all stages of one’s life.
You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.
There is much to dislike about President Obama’s approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch.
The Obama administration’s large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they’d borrow a bit more and do even better.
The subprime disaster was a result of financial bombs – derivatives – exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.
Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.
As a steward of the U.S.economy and financial systems, the Treasury has helped lay the groundwork for the American economy to become a model of strength, flexibility, dynamism, resiliency. This is a system that generates growth, creates jobs and wealth, rewards initiative, and fosters innovation.
The American people deserve to know that their elected leaders play by the exact same rules that they play by and that their lawmakers‘ only interest is what’s best for the country, not their own financial gain.
If you look upon chronicdiseases as an epidemic, and you see that the chronically ill are the poor, then you see that this issue of the uninsured is not really a moral but a financial obligation to change health care.
Europe has, to put it mildly, been in a poor state since the transition to the 21st century. This is down to national issues, European missteps, and an economic and financial crisis that crashed down on us with enough force to dislodge the essential European idea.
I was desperate to understand money. Not to make it, to understand it. I wanted to know how it worked, and I wanted to know so that I would have enough and would be able to make good financial decisions. That led me to Ariel.
And then you might decide that the country can just spend maybe years or decades to regain that credit, or maybe give that county the support, the financial support that the market is not willing not do.
Selling drug secrets violates a trust that is fundamental to the integrity of both scientific research and our financial markets.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.
The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed.
When I was in high school, my mom hatedfootball. But then, the more I played, the more it grew on her. This game has done a lot for my family – not just from a financial standpoint, but it also helped bring my family together.
There’s a tendency to make more money at concerts. That’s from a financial standpoint. Night clubs have a better feel, better contact between the artist and the audience.
Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a home into one, regardless of whether or not they could afford it.
I had always wanted to belong, and I had been thinking that this was going to get solved when I had money, and instead, I had no idea how I wanted to live my life. And no one teaches you what to do after you achieve financial independence. So I had to confront that.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That’s considerable in a country that’s used to being protected.
It can be a huge help to parents considering the adoption of an older child, when college is just a few years away, to know that there are post-adoption resources and specific financial assistance opportunities available to them.
I’ll always understand the Schadenfreude aspect to short-selling. I get that no one will always like it. I’m also convinced to the deepest part of my bones that short-selling plays the role of real-time financial watchdog. It’s one of the few checks and balances in the market.
My old firm, Goldman Sachs – traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury.
China does not play by the rules; they do not respect the rules. They develop projects that are not feasible, leaving countries with huge debt that cannot be paid back and use that as financial leverage.
Financial security is crucial for your family, and I have a large family. Money does matter when you don’t have it. When you need it, you realise the value of it. In that sense, money will always have value.
Our mission is to accelerate the development of a better financial system; it’s not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, uniquesolutions to big problems.
As a novelist, I tell stories and people give me money. Then financial planners tell me stories and I give them money.
The financial capital is being concentrated by corporations, institutional investors, and even our pension funds, and being reinvested in companies that repeat this process because it provides the highest return on that financial capital.
In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave the Fed with the flexibility to provide liquidity in order to stop a financial panic.
Macau is limited in size and land is expensive, so gaming and leisure development must be more efficient. We follow a very conservative financial strategy.
Intellectual capital will always trump financial capital.
Paul Tudor Jones
I don’t know if Jesus said it in the Bible, but someone said that ‘the love of money is the root of all evil,’ and I do think there’s a correlation between the ambition that a lot of people have, in terms of financial remuneration, and the loss of core values.
Even the securest financial plan and the finest health coverage aren’t enough to hold us steady when the challenges come… We need something more, something deeper and unshakeable, something that will see us through life’s hard times.
We have got to change our ethics and our financial system and our whole way of understanding the world. It has to be a world in which people live rather than die; a sustainable world. It could be great.
While expanding market access for American industry, financial markets and farmers is critical, I believe it needs to be done responsibly, accounting for the treatment and protection of workers and the environment.
Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.
I think copyright is moral, proper. I think a creator has the right to control the disposition of his or her works – I actually believe that the financial issue is less important than the integrity of the work, the attribution, that kind of stuff.
The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
As mayor of Milwaukee, I’ve had many developers come and many businesses come and have asked for financial assistance from the city, and my questions have always been: how many jobs are we talking about and are these family-supporting jobs.
When I was 5, some financial things happened, and I movedseven times in a year. We moved from apartment to apartment, sometimes living with friends. My mom would always say, ‘Don’t get comfortable, because we may not be here long.’
It’s not just professional athletes and soldiers who are at risk from traumatic brain injury. More than 1.7 million people a year sustain a traumatic brain injury, and about 50,000 of them die each year, according the Centers for Disease Control. There are both emotional and financial costs from these injuries.
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.
I do not understand how it is that financial institutions could think that they could take taxpayer money and then turn around and act like it’s business as usual. I don’t understand how they can’t see that the world has changed in a fundamental way, that it is not business as usual when you take taxpayer dollars.
The Indian economy has declined because of the peculiar Indian ‘invention‘ of that perfidious financial derivative called ParticipatoryNotes, or PNs, otherwise known as the crony/crooked facilitator for black-money-based portfolio investment. No other country would think of such a derivative.
At Mint, we developedfive pending patents on our technology, ranging from categorization to the Ways to Save system that calculates how much a new financial product would save a user given their present financial situation.
When I was a child, there was very little money, so I’ve always been concerned for my financial security, which has meant that finding myself as a writer was a bad move. The practical difference the money has made is that I can support myself by fiction. That is what I have been trying to do throughout my life.
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase – does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting – are the costs of owning a home lower than the cost of renting it?
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It’s capitalism at work, where the rewards tend to go to the managers rather than the investors.
The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.
In the same way that some magazines have made financial markets accessible to people who don’t want that much sophisticated information, we would like to make information about public issues accessible in a way that makes people feel included.
Early education is the type of issue politiciansnod their heads at, and then when it comes time to make a tough decision, a financial trade-off, inevitably it’s about the first item tossed from the table.
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world – a lot of them in Russia as you all know I’m sure.
Everybody is constantly putting themselves under a microscope in terms of their productivity and their financial success and this whole idea of ‘Picture Me Better,’ like picture me, you know, who I’m supposed to be versus, you know, just accepting who we all are.
Studies have consistently shown that financial hardship is the biggest obstacle to heterosexual marriage, yet the Republican leadership has done precious little to help address the financial hardship faced by American families.
Growing up, my father was a financial analyst for an oil company. He was just a regular dad. And when I would say, ‘Hey, come see my play,’ he’d say, ‘Sure.’ He’d see one, ‘Oh, good play’ – you know, very typical dad reaction.
Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.
The financial benefits of prefabrication have never been as large as its advocates predicted, for although some labor costs can be reduced by machine manufacturing, on-site assembly of any building still depends to some extent on the handwork of skilled craftsmen.
At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.
Choosing my career was always based on job satisfaction rather than financial security. I wanted to get a job in science; I enjoyed being a surgeon and I now enjoy being an academic and having a media career.
Today, I think a CFO needs to be more of an operating CFO: someone who’s using the financial data and the data of the company to help drive strategy, the allocation of capital, and the management of risks.
The thing where I thought I made it was when I paid my house off. It wasn’t actually a moment on stage – it was the first bit of financial security. It was the first time I looked at my house, and it was all paid off, and I thought, ‘Alright. Jokes paid for this.’
I bet taxpayers remember providing more than $812 billion to Citigroup and Bank of America, two Wall Street banks, in 2009 to bail them out during the 2008 financial crisis. Taxpayers remember that generosity; big banks evidently don’t.
So how does the machine work that you have a financial crisis? How does deleveraging work – what is the nature of that machine? And what is human nature, and how do you raise a community of people to run a business?
I would ask: Given the nature of free-market capitalism – where the rule is to rise to the top at all costs – is it possible to have a financial industry hero? And by the way, this is not a pop-culture trend we’re talking about. There aren’t many financial heroes in literature, theater or cinema.
I just had different circumstances than most players, and I think that has been an advantage – maybe I carry a little chip on my shoulder with just how tough it was for my parents to overcome some of those financial situations.
We are inheriting the worst financial system since the Depression. We’re inheriting a situation – when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
The prevailing ideology of the modern west – which is political economy – is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.
We are very excited about the use of blockchain, whether it’s Bitcoin or not, but we are as enthusiastic as ever about Bitcoin as a global currency and, really more importantly, Bitcoin as a global financial rail.
Your employer is the last person you should want to provide for your healthcare, from a privacy, financial, and value standpoint. Employees with families should get the family, meaning spouses and children, off the company plan. In most cases, that will save them money.
London is the financial capital of Europe, a great platform to America and Asia. I love the fact that in British culture you can be whoever you want, and people don’t even look at you. I don’t feel that in Paris or Milan.
The Negro was a political football between his former slave master and Northern political adventurers. The economic basis of this contest was the power to tax, to float bonds, to awardfranchise: in short, to gain control over the financial resources of the newly organized States.
I’ve lived so frugally for so long. I have to have that financial security or the world feels out of control for me.
It’s almost sickening now that the regulators ‘on the beat‘ while the biggest credit collapse in modern financial history unfolded are now patting themselves on the back for their ‘brave‘ stance on short-selling!
My financial service business is the absolute best thing I have done to empower the poor. I run many charities and fight many political causes, but my financial service company is the greatest gift I’ve given.
Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.
We just learned about this fetish where guys just give women money and know that they are spending their money. It’s not like a sugardaddy thing. It’s like financial domination, or something like that. These guys just want to give you money.
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy – the slice of America that has come through the recession in by far the best financial health – should provide those funds.
An effective U.S. policy toward Sudan – one capable of changing the situation in the south and affecting the lives of its people – will require top-level attention and a great deal of energy. It should have three elements: aid, diplomacy, and financial disclosure.
We in Nigeria have seen just how difficult it is to get back stolen assets from the international financial system, such as banks that ought not have received those funds in the first place if even the most routine questions were asked.
I have a lot of money, but I still feel broke. When I say I feel broke, I don’t mean broke in a financial sense, but I still feel like that kid from the gutter who’s still trying to get it, even though I’m at the place I want to be.
If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities.
I am here to give the American people some straight talk about higher education. Some have said we might have cut financial aid for college students. The truth is we have expanded access to college for our neediest students through the record growth of the Pell grant program.
This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.
Today, if you look at financial systems around the globe, more than half the population of the world – out of six billion people, more than three billion – do not qualify to take out a loan from a bank. This is a shame.
My background in financial services and my experience as a state representative have given me the ability to identify our country’s fiscal problems and find steps to remedy them.
The time has come for all evangelists to practice full financial disclosure. The world is watching how we walk and how we talk. We must have the highest standards of morality, ethics and integrity if we are to continue to have influence.
We are in a situation with the huge stimuluspackage that’s going to be spent all across this nation and a big financial crisis and banking crisis. And what we need is good, trained journalists who can play the role of watchdog.
Every morning when I pick up the newspaper and read about an earthquake in Japan or problems in European financial institutions, the first question I ask our staff is ‘What is money-market-fund exposure?’
Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.
No one, no social group, can today avoid the commitment to contribute to the clean up of public finances in order to prevent the financial collapse of Italy. The sacrifices will not be in vain, especially if the economy begins to grow again.
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don’ts. The first, and most difficult, step is to absolve yourself and your spouse or partner of any guilt.
Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment. As a result, I believe a macro-prudential approach to supervision and regulation needs to play the primary role.
Minnesotans lost their jobs because the credit rating agencies didn’t do the only job they’re supposed to have, the only job they had, which is to give accurate, objective ratings to financial products.
Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy – and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.
If you don’t have a functioning financial system the world economy won’t be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.
When you have a lot of money, there’s so many places you can go to manage your money. But when you don’t have money, mathematically you actually need a financial plan more. You can’t really afford to make mistakes. So why is this such a luxury product?
Cash – in savings accounts, short-term CDs or money market deposits – is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
The Republicans are looking after the financial interests of the wealthiest individuals in this country.
It is important that the right of Israel to exist should be respected and also the viable Palestinian authorities, in terms of political and financial situation, be supported so that both can live side by side in peace and security. That is a two-state solution.
Made with Pencils is grounded in the creativity of a few, propelled by the financial support of many, and most importantly, it’s empowering generations to come. A simple idea, a heartfeltdesire, and a world of possibility. A pencil, a promise, and a dream.
And I also serve on a caucus that addresses financial literacy for young people in this country. And it is so hypocritical that we want to talk to these kids about how to better manage their money when we are not doing a good job with our Nation’s resources.
As they work hard for our children, America’s teachers often reach into their own pockets to make sure they have the best classroom supplies. I feel strongly that the federal government should help make up for their personal financial burden.
First of all when you’re a mommy like you like the consistency of being on a show like that’s just peace of mind, I know I have financial, you know stability.
The single most remarkable (and revealing) fact of the Obama presidency may very well be the lack of a single prosecution of Wall Street executives for the massive fraud that precipitated the 2008 financial crisis.
I don’t want to drive the markets crazy. I don’t want to create trouble, but rather order and rules and norms. We have to struggle against financial excesses, those who speculate with sovereign debt, those who develop financial products which have done so much harm.
The Iranian regime gives financial support to terrorist organizations all over the world, denies the Holocaust, and calls for the wiping the state of Israel from the map, while developing long-range missiles and trying to obtain nuclear weapon.
You cannot have the financial system crippled because of lack of decision making and lack of quality people.
Poor is the man who does not know his own intrinsic worth and tends to measure everything by relative value. A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth.
A big part of being in a wedding is the financial obligation, and that’s something that people don’t really talk about, but if you’re asked to be in a wedding, you’re gonna have to fork over some cash.
What bitcoin does better than the current financial system is it’s a better stored value globally. There are a lot of countries that really don’t trust their banks or their currency, and bitcoin is an alternative.
State and local government, with financial support from the federal government, should offer a program to educate and train foster children for employment and provide them with financial assistance, as needed, until they reach age 21.
Well the specific role of the World Bank is to be ready with financial assistance immediately after this emergency takes place because you need to reconnect water, you need to reconnect power, you need roads, you need bridges, and that has to be done urgently.
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families.
The public relies on the advice of doctors and leading researchers. The public has a right to know about financial relationships between those doctors and the drug companies who make the pharmaceuticals prescribed by doctors.
For me, education has never been simply a policy issue – it’s personal. Neither of my parents and hardly anyone in the neighborhood where I grew up went to college. But thanks to a lot of hard work and plenty of financial aid, I had the opportunity to attend some of the finest universities in this country.
Investing in renter’s insurance is hugelyworthwhile. It protects you from a whole load of financial pitfalls around your home. Your home should be the center of your sense of security – not the cause of you losing financial security.
North Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We’re a banking state, and we’re proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euroarea – and our independence.
The financial elite do not need special laws for themselves. This is one nation and there is one criminal law.
My choices in projects have all been character or role-based, and on a financial level, it’s obvious: as an actor on a TV series, I get a wonderfulpaycheck, and a consistent paycheck, which doesn’t always happen when you’re doing theater or movies.
St. Louis is a customer- and partner-rich environment for any financial tech startup.
Defaulting on the nation’s debt would be cataclysmic. The U.S. Treasury’s Aaa rating is the one constant in the world’s financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.
I’d say the main way people get into terrible financial trouble is just to spend too much money relative to their income, and that is an endemic problem in the United States of America, and that’s the kind of thing that should be taught about in schools.
Some companies are already investing in women and thereby betting on a brighter future – for a workforce just waiting to blossom, for emerging economies whose development depends on this new talent, and, of course, for their own financial growth.
Derivatives are financial weapons of mass destruction.
This is a simple change that will provide a huge financial boost for many Americans, particularly low- to moderate-income families. It is an important step in making sure we do everything we can to encourage all Americans to save and plan for the future.
Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.
It’s difficult for me to trust a woman. Men are attracted to beautiful women. Women are attracted to men who offer security – financial security. And if you have money and you’re famous, women find that sexy.
Especially where financial matters are concerned, when it comes to dissolving a marriage, any dissembling at all is strictly against the law – on penalty of perjury. You need to disclose fully and factually, which is precisely what the discovery process is all about.
Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusiveparental control when their husbands assume more responsibility for child care.
Augustus Y. Napier
We are in a position of financial and social power, and we could be agents of change in our society. Without pretension, I believe we could be a nice little gardener who takes care of the garden, and hopefully our neighbor will do the same. Then, maybe we’ll achieve a better world.
The problem of a rising population destroying more than four tons of soil for every human already alive needs to find its way into corporate board rooms if we are to enjoy future financial, economic and political stability.
I thought a company that provides mutual-fund information could be a great business, because you could construct an effective moat by building large financial databases and customer lists and a strong brand name.
We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn’t done in one stroke, and it wasn’t done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of ’33, ’34, ’35, ’37, ’39, and ’41.
In the absence of sound oversight, responsible businesses are forced to compete against unscrupulous and underhanded businesses, who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system.
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.
I’ve always been a big believer in diversification for anybody. It’s never good to put all of your efforts and all of your time and all of your financial resources into just one project. Diversification is key for any individual and any business.
Derivatives in and of themselves are not evil. There’s nothing evil about how they’re traded, how they’re accounted for, and how they’re financed, like any other financial instrument, if done properly.
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
So basically my, my foundation does this thing called gap coverage for, you know, students that apply for our scholarship program. What it means, it’s not like quote, unquote ‘full scholarship.’ They apply for financial aid and, and FAFSA and things like that. Then whatever’s not covered, my foundation covers.
I started feeling secure in every way once I began to accept myself the way I was. Whether that was emotional, financial or professional security, all of it came and embraced me because I embraced myself.
While one can’t always begrudge the wealth of people who have at least produced something of value, the rich of the financial world don’t make anything but more money. They’re not creative, aside from, perhaps, in accounting.
The Industry’s at war. I think it’s about control. You can make all of the financial arguments that the industry has been shooting itself in the foot, but it is an industry built on a foundation of ownership and exploitation of intellectual property rights.
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic.
Yes, there is a burden of financial insecurity. I don’t think you find it in mood. Income is correlated with life satisfaction, so maybe you do find it in life satisfaction. You don’t find it in mood, and I think it is very important.
Impact investing has become a broad umbrella that includes all investing with a focus on both financial return and social impact, but in its best form, impact investing prioritizes impact over returns and achieves outcomes that traditional investing cannot.
Probably the hardest question I get asked is, ‘How do I choose between passion and practicality?’ I can’t answer that. I had to do both. I was passionate about pursuing a career in financial services. But I was also passionate about feeding my child.
No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.
What we have seen in financial markets should bring home to us all that the central organising principle of this 21st century is interdependence. For the century just past, interdependence may have been one option among many. For the century that is to come, there is no longer an alternative.
In this age of specialization, I sometimes think of myself as the last ‘generalist’ in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching.
Socialism is about claims of justice, and it is also about money: about wealth, income, physical and financial capital. It is an ideology based on allocating economic resources. It may try to achieve that goal by nationalizing assets, by command-and-control regulation, or by taxation and redistribution.
So many times I’ve heardpeople say that the right to marry for gay and lesbian couples won’t really change anything other than some legal and financial stuff. It’s a dumb argument: those legal and financial effects matter.
It’s OK to have a plan, to invest in your future – for your financial security, your love life, your personal fulfillment, and even your happiness. To have personal happiness as a stated goal doesn’t detract from it if you get there.
The reality is that asking the public to fund political campaigns accomplishes nothing. Candidates continue to seek interest-group support through other channels, both financial and in-kind, and corruption problems abound.
Denial of contraception to women without the financial means to afford it could cause substantial economic burdens, and even greater burdens if the lack of contraception results in an unintendedpregnancy.
The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.
What they will try to do is get symbolicvictories. Symbolism is important to them. They have little else. But they will strike, I believe, at centers of media, of financial, of American power, of American culture; and that is where we should place our bet.
James T. Walsh
Of course most Americans don’t know how A.I.G. brought the world’s financial system to near-ruin or what credit-default swaps are. They may not even know what A.I.G. stands for. But Americans do make the connection between their fears about their own jobs and their broad understanding of the A.I.G. debacle.
I’m the CEO of A$AP Worldwide. But as you can see, when I’m with them, everybody‘s equal. We don’t really base our love off of finances or who’s superior by financial status. We’re all equal. When I’m with them, I’m letting them shine ’cause it’s just like how it used to be. They still there. I’m just chilling out front.
Students today need experience to get a job, and they need a job to get experience. The Chegg Champion program provides students with a real-world working experience that actually offers financial rewards.
The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.
I am in a traditional financial services business – but we at Fidelity can see that the evolution of technology is setting our industry up for disruption. What if this technology could do for the transfer of value what the Internet did for the transfer of information?
Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.
President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.
As the financial experts all over the world use machines to unwind Gordian knots of financial arrangements so complex that only machines can make – ‘derive‘ – and trade them, we have to wonder: Are we living in a bad sci-fi movie? Is the Matrix made of credit default swaps?
We urge the Department of Justice to carefully investigate and aggressively prosecute all senior bank officials who participated in manipulating the London interbank offered rate throughout the financial crisis.
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.
Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick… more quickly and in a better shape from a crisis than would have come out otherwise.
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