Wednesday, 25 January 2012

The essence of banking

Montagu Norman, head of the Bank of England and considered to be one of the most powerful bankers in the world, summing up in 1948 his career and the work of his colleagues over his lifetime...


"As I look back, it now seems that, with all the thought and work and good intentions, which we provided, we achieved absolutely nothing."

Liaquat Ahamed, Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World

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