Finance Quotes

“It is important for the BOJ to communicate with markets in a clear and effective way.”

“The conventional commercial bank is not supposed to be a lender of first resort, but of last resort.”

“If you want to get rid of a guest, lend him money.”

“We have to have a savings and loan industry that is sound and safe and that can go about its business of making home loans.”

“It was a race to the bottom, to see who could take on the most risk, who could make the most money, who could pay themselves the most. It was a race with no speed limits, and it resulted in a horrific crash.”

“Unimpaired credit is the first asset of business.”

“I went from being a millionaire to being homeless. It was a very humbling experience.”

“The stock market is a forward-looking mechanism.”

“The whole system is based on confidence. The moment the confidence is gone, the whole system collapses.”

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”

“I made my first million dollars when I was 17. I blew it all by the time I was 20.”

“I declare bankruptcy!”

“When most investors, including the pros, all agree on something, they're usually wrong.”

“Debt is the most efficient tool of domination ever invented.”

“When you promote a Ponzi scheme, you are not engaging in free speech. You are committing financial fraud.”

“I've never been someone who's been given a lot of money.”

“A penny saved is a penny gained.”

“Capital is the buffer that protects the taxpayer from the mistakes of the banker.”

“The lesson is that, in a world of fiat money, central bankers have to be our bread and butter.”

“The people are at bay, let the bloodhounds of money who have dogged us thus far beware.”