Bank

Quotes



Whether we like it or not mankind now has a completely integrated international financial and informational marketplace capable of moving money and ideas to any place on this planet in minutes.

Speech, International Monetary Conference, London (1979)
Information about money has become almost as important as money itself. The competitive advantage of the banks used to be that they knew more about their customers than anyone else. Now... that knowledge can be had at the push of a button. The guy with the competitive advantage is the one with the best technology.

Quoted in The Financial Revolution The Big Bang Worldwide (1986)
Through the fat years, the bankers were always right there by our side. But in bad times they backed off in a hurry.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Banking establishments are more dangerous than standing armies.
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.
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