James Chanos Quotes

PSU banks are sole lenders to capital-intensive firms.

Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes, bought cars, took out student loans.

You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.

We have solid financial institutions, but they lent very little. So with the financial reform, we wanted to push them to lend more and to encourage the development bank to create instruments for lending mainly for micro and medium-sized companies.

All tax incentives do is make it cheaper to borrow for transportation projects. But you still have to pay that money back.

The number one priority is going to be make sure that banks lend.

The thing about using other people's money is they're going to set the rules.

Some big banks remain wary of venture capital.

Would I advise early-stage companies against taking debt? One hundred percent yes.

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.

Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.

Banks hold deposits and savings entrusted to them by individuals, by businesses, by governments and by central banks. They put that money to work, helping people to buy homes, for example, or lending to businesses to invest in expansion.

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

I've probably done more venture capital deals and expansion financings than I have done private equity deals. But both are the same. Private equity companies have also built jobs.

I think this is also a great time to invest in private equity, helping companies grow from the ground up.

If companies are able to raise equity from the market, then their problems for financing incomplete projects will come to end. Investment cycle in the capital market can kick-start with the money of savers and investors.

Big banks have long had private equity divisions that put up capital for deals too complex or risky for individual shareholders to finance.

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.

Venture capitalists are professional money managers. We are provided capital to invest as long as we can return it to our investors with a strong return in a reasonable amount of time. A strong return is three times cash on cash. A reasonable amount of time is ten years max.

With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet.

Banks lend by creating credit. They create the means of payment out of nothing

Banks can’t put their money in the bank. They have to lend it out.

We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.

A plentiful Currency will occasion Interest to be low …. many that understand Business very well, but have not a Stock sufficient of their own, will be encouraged to borrow Money; to trade with, when they can have it at a moderate Interest.

Debt is the lifeblood of finance; with the rise of the securities-and-trading portion of the [financial] industry came a rise in all kinds [of debt], both public and private.