Before 1980, it was basically illegal for U.S. banks to invent new products.
My dad did everything he could. It was a start-up, and the banks didn't want to lend him enough money, so he mortgaged our house.
What the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right.
I have never believed that central banks should have rigid inflation targeting. That is not a good thing to stabilize. There is nothing in economic theory to back this.
We've got to make greedy banks pass on interest rate cuts in full, and we've got to see rents coming down.
Banks are there to support businesses that have justifiable needs.
For me, I've always told myself, 'I can only do me in the ring.' When I go out there and perform, I can only do what Sasha Banks can do.
Much as banks don't care where your money's coming from, the Electoral College is all 'don't ask, don't care' when it comes to votes.
If we want the banks to lend - and we all do - if we want the economy to expand - and we all do - do you really want to start confining the banks in their ability to make profits in order to generate more capital to lend out to the people?
As a Swiss-Italian who has always worked for foreign banks, there was clearly an element of pride going back to my roots and working for the biggest bank in my country.
Ripple is redefining the way that value moves around the world, and today we're already enabling real-time, affordable international settlement between banks who have adopted our solutions.
The economy may be complex, but Americans understand that the Wall Street banks control an outsized portion of the economy and that they have an outsized interest in their own profits.