Banking in The United States/rise of Investment Banks

Famous quotes containing the words banking, united, states, rise, investment and/or banks:

    “One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
    —William Howard Taft (1857–1930)

    “We begin with friendships, and all our youth is a reconnoitering and recruiting of the holy fraternity they shall combine for the salvation of men. But so the remoter stars seem a nebula of united light, yet there is no group which a telescope will not resolve; and the dearest friends are separated by impassable gulfs.”
    —Ralph Waldo Emerson (1803–1882)

    “The traveler to the United States will do well ... to prepare himself for the class-consciousness of the natives. This differs from the already familiar English version in being more extreme and based more firmly on the conviction that the class to which the speaker belongs is inherently superior to all others.”
    —John Kenneth Galbraith (b. 1908)

    “Compassion brings us to a stop, and for a moment we rise above ourselves.”
    —Mason Cooley (b. 1927)

    “The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
    —For the State of Massachusetts, U.S. public relief program (1935-1943)

    “The effectiveness of our memory banks is determined not by the total number of facts we take in, but the number we wish to reject.”
    —Jon Wynne-Tyson (b. 1924)