“America had come to the rescue of Korea's "troubled banks". The auction of commercial bank assets was an obvious fraud.”

— Michel Chossudovsky

The Recolonization of Korea, Chapter 22, p. 340
The Globalization of Poverty and the New World Order - Second Edition - (2003)

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Michel Chossudovsky 24

Canadian economist 1946

Giannina Braschi book United States of Banana

United States of Banana (2011)

“When the biggest, richest, glassiest buildings in town are the banks, you know that town's in trouble.”

Edward Abbey (1927–1989) American author and essayist

Source: A Voice Crying in the Wilderness (Vox Clamantis in Deserto) (1990), Ch. 11 : Money Et Cetera, p. 97

“If you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.”

Jim Rogers (1942) American writer

CNBC Squawk Box Europe http://www.cnbc.com/id/23588079/site/14081545

“And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.”

Penny Lernoux (1940–1989) American writer and journalist

In Banks We Trust (1984).

“The people who come to watch us play, who love the team and regard it as part of their lives, would never appreciate Liverpool having a huge balance in the bank. They want every asset we possess to be wearing a red shirt.”

Kenny Dalglish (1951) Scottish association football player and manager

Source http://imdb.com/name/nm0197910/bio

“The destruction of the British building society movement – or much of it – in the two decades after the late 1980s … was one of the great acts of economic vandalism in modern times. And the commercial banks largely abandoned locally based relationship banking in the decade before the recent financial crisis. There is now no institutional structure in place to offer countercyclical lending, particularly small and medium sized businesses, in place of the banks.”

Vince Cable (1943) British Liberal Democrat politician

Comments on demutualisation of Building Societies http://www.libdemvoice.org/vince-cable-centre-forum-speec-29033.html, 18 June 2012.
2012

“What is the burgling of a bank to the founding of a bank?”

Bertolt Brecht The Threepenny Opera

Macheath, in Act 3, scene 3, p. 92
The Threepenny Opera (1928)

“If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem.”

J. Paul Getty (1892–1977) American industrialist

As quoted in The Five Rules for Successful Stock Investing (2003) by Pat Dorsey & ‎Joe Mansueto, p. 234
Attributed

“I find odd the view that a Government institution is better placed to evaluate "the technical and financial viability" of a project than a commercial bank. It may well be that our banks are deficient in the kind of expertize required for assessing projects but then what we should be doing is encouraging banks to acquire such expertize or to make use of outside, commercial, expertize. I do not believe in any case that a Government machine can provide a reliable judgement on such matters, an opinion the banking members of the committee appear to have shared, for they have prudently refused to commit themselves to accepting its advice. I myself tend to mistrust the judgement of anyone not involved in the actual process of risktaking.”

John James Cowperthwaite (1915–2006) British colonial administrator

October 9, 1970, page 117.
Official Report of Proceedings of the Hong Kong Legislative Council

“When I was at the World Bank, it would often be said in the face of obvious failure that our strategy was correct, it just wasn't implemented well.”

Joseph E. Stiglitz book Making Globalization Work

§2, p. 52
Making globalization work (2006)

“America had come to the rescue of Korea's "troubled banks". The auction of commercial bank assets was an obvious fraud.”

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