Family Quote by Ron Chernow

Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market,…

— Ron Chernow

We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then…

— Theo Paphitis

Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from…

— Noam Chomsky

“The idea, in the wake of the savings-and-loans disaster, was to spread risk outward from those immediately involved in lending to mortgage borrowers and…

— Adam Tooze

“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market…

— Douglas Rushkoff

We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in…

— Nina Easton

The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.

— Warren Buffett

Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called…

— Jamie Dimon

The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by…

— Elizabeth Warren

Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending…

— Vince Cable

Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part…

— Rakesh Jhunjhunwala

“The bankers got the free use of the money a part of the time, the brokers another part: the officials made money, and the…

— Theodore Dreiser