Ours is a government of checks and balances. The Mafia and crooked businessmen make out checks, and the politicians and other compromised officials improve their bank balances.
What did Citibank get out of it? It got the ability to reverse the arbitrage. Actually, what they got was the ability to give themselves a profit, and that saved the bank.
It is easier to rob by setting up a bank than by holding up a bank clerk.
Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.
The economic dynamic in Zimbabwe is perversely robust: while ordinary people suffer, black-market dealers and people with foreign bank accounts prosper, making them powerful stakeholders in the perpetuation of devastating economic policies.
Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.
If the U.S. were to not reauthorize the Ex-Im bank, it's in essence unilaterally disarming in a globally competitive environment.
Bailouts may have been more tolerable in the early 1990s when they were rare and their use for a failing bank was uncertain. That is no longer the case.
If the World Bank does not alter its shareholding structure to reflect the shifts in global distribution of income and economic power, its role may get marginalised as regional institutions fill the vacuum.
Not one criminal charge has ever been brought to any bank executive associated with the 2008 crisis. And in fact, it gets worse. No bonuses and none of their equity was taken.
The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.
What's breaking into a bank compared with founding a bank?
What is the robbing of a bank compared to the founding of a bank?
We were the first bank to start a loan modification at IndyMac and had a very good record of working with the regulators.
Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.
The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.
Paul Krugman, a professor at MIT and a consultant to the IMF, the World Bank, the United Nations, and the Trilateral Commission, is certainly a member of the establishment.
The stock market has an insidious effect on C.E.O.s' moods, because of its impact not just on their companies but on their own bank accounts.
Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.
The mantra of the National Commercial Bank is 'building a better Jamaica.' If this bank is going to be everlastingly successful, it has to take on the ailments of this society.
