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Listen to native speakers pronounce “banking industry” in real conversational contexts with synchronized timestamps and subtitles.
So just take 20 years ago.The banking industry, like any big industry, has basically been saying, yeah, yeah, those other quadrants?
These problems happen here in California as well.Because we know the banking industry's flawed.
by passed during the hundred days, those first three months of the new administration imposed new regulationson the banking industry. But the very second piece of legislation was theeconomy act, which mandated a 25% cut in the federal budget, including cuts to
Loan to equity. Unbelievable. And this was regarded as a viable business model until it collapsed. But what essentially was going on was that,within the banking industry, the industry was lending subprime borrowers in the United States -- low-income families. And they thought they were doing good -- butthat's a sort of micro-story, the mortgage lending to those -- subprime lending.
Well, no. It's because of the ATM the people in the bank could do things more significant than maybe just the counting money.So ATM has allowed the banking industry to prosper even more.And so imagine this applied to every single industry before.
before, I want to start a bank that focuses on addressing the values vacuumat the core of the banking industry. So he was concerned about that 20 years ago and it's something that we're seeing theresults of now in a big way.
um um the idea about us being a pioneer as one of the other principles in the code as opposed to being conquerorsthere is a general competitiveness in the banking industry and one of the reasons why most Bankers are totally unhappy with me is because we're reallyraising the bar um I think in many businesses that are trying new business models tend to raise the bar um if you
Either they're set free of the taxpayer and forced to compete -- go down.Or we just accept that the banking industry is an, essentially, state industry.And it's got to be run by -- and for -- the taxpayer, one or two levels removed.” And he posed that problem. The government clearly found that too difficult
that did compete for a time not surpassed but compete was the US bankingindustry and we all know what's happened to the US banking industry in fact theonly banks that have the two US investment banks that have survived the
and he was found dead after being awake for three consecutive days-- didn't sleep at all.And there was a lot of controversy about this because in the banking industry, there's a whole lot of sleep deprivation, peopleworking crazy hours, very long periods of not sleeping.
of the Federal Reserve System and they created again you know in the Federal Reserve Banks a lot of this local representation where we have on myboards and all the other boards people from business from the community from the banking industry so that their voices are all heard together it's theonly place in the in federal government today where you have still uh this federalism done with local
Anyway somebody should figure this out.Both "Forbes" and "American Banker" have written about how this is really changing the banking industry, because they have to listen collectively
It's also limited to savings.Since 1947 in Pakistan, it was created-- it's going to be 70 years this month-- the entire commercial banking industry has only opened close to 32 million bank accounts.And if I take unique bank accounts, you're probably talking about 15 million.
But we shoot Big Bang in front of live audience, so that's every Tuesday night.Right? But also looking at some of the opinions that were apparent in the opening scene on the banking industry or whatever.
It's almost like a metronome. And people always forget, and they always assume that prices will just go up forever. But they don't.They boom, they bust, they boom, they bust. And yet, we had a government, a banking industry, central bankers, regulators, who just assumed history away.And if you look at the way banks perform -- I mean, what's this extraordinary paroxysm that we've been through -- we've been through it before, over and over and over again.
work for us? 50K to start, 100K at the end of the year.” You know, my son -- like most of his contemporaries -- knew absolutely nothing about money.I mean, a lovely guy, but managing a bank account was way beyond -- you know, being invited to join the banking industry and produce rocket-science products.And, of course, the industry lost track of the underlying assets which they had on their books. And there's a very powerful image, which is
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