Banking Crisis Quotes

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  A bank is a place that will lend you money if you can prove that you don't need it.

  Bob Hope

  Funny, Hilarious, Sarcastic

  Quoted in Alan Harrington, Life in the Crystal Palace (1959).

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• And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place.

  Dick Durbin

  Powerful, Believe, Historical

  "Dick Durbin: Banks “Frankly Own The Place”". www.huffingtonpost.com. May 30, 2009.

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• There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.

  Vince Cable

  People, Debt, Financial

  Liberal Democrat conference: Vince Cable speech in full, www.theguardian.com. September 22, 2010.

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• 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.

  Lawrence Summers

  America, People, Study

  "Larry Summers on 'FOX News Sunday'". "FOX News Sunday" with Chris Wallace, www.foxnews.com. February 8, 2009.

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• People rightly want our political leaders - on all sides - to concentrate on minimising the damage to jobs, living standards and our savings from the banking crisis.

  Lucy Powell

  Jobs, People, Leader

  "Mandelson's return: this is a bold and shrewd move" by Lucy Powell, www.theguardian.com. October 03, 2008.

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• Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.

  John Major

  Europe, Greek, Debt

  "The Andrew Marr Show", news.bbc.co.uk. October 9, 2011.

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• 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.

  Jean-Francois Cope

  Country, Environmental, Financial

  "Can Jean-François Copé save France from anti-Muslim extremism?" by Angelique Chrisafis, www.theguardian.com. March 24, 2011.

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• So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.

  Martin Walker

  Country, Europe, Worry

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