Edinburgh, United Kingdom

Banking

Language: English Studies in English
Subject area: economy and administration
University website: www.napier.ac.uk
Master of Business Administration (MBA)
Banking
I am just a banker "doing God’s work".
Lloyd Blankfein, CEO, Goldman Sachs, 2009 statement. Source: Wall Street Journal, May 2010.
Banking
Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU.
Federal Reserve Bank of New York; Friedman, David H. (1977). I Bet You Thought.... p. 19. OCLC 5356154. 
Banking
And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Thomas Jefferson, 3rd US President, in a letter to John Taylor in 1816 [1].
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