Financial Interdependence Quotes

Debt is one person's liability, but another person's asset.

We've delegated politics to bankers. The European Central Bank is inside Deutsche Bank, and Deutsche Bank is inside the Bundesbank.

If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?

The connection which formerly existed between the Government and banks was in reality injurious to both, as well as to the general interests of the community at large.

Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might take local actions that would cause the overall resolution to spin out of control.

While U.K. is one of India's most important trade and investment partners, India has become one of the largest investors in the U.K.

Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.

If the United States does well [economically], then the whole world does well.

How can we pressure China on North Korea if China's one of the two largest holders of American debt?

If some lose their whole fortunes, they will drag many more down with them . . . believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If Those revenues are destroyed, our whole system of credit will come down with a crash.

For there to be an expense, there must be income somewhere else

Commercial interests survive longer than strategic interests. When countries do business together, they stay together.

Economically, we are, to some significant degree, interdependent with Chinese well-being. That is a great asset.

I cannot separate the finances of India from those of England. If the finances of the Indian Government receive any severe and irreparable check, will not the resources of England be called upon to meet the emergency, and to supply the deficiency?

There is a means of producing a uniform currency throughout the United States, and thereby greatly facilitating the commercial intercourse of the country, perfectly consistent with free competition in banking, and infinitely preferable to the resort to a National Bank.

We have multiple businesses, and obviously we want every one to stand on its own, and what you don't want to do is manage one business from the profit of the other one.

In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to be transmitted across borders.