Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
... "bad apple" excuse for corporate behavior.

The banks behave the way that commercial banks have always acted when permitted to. If we set up new banks and permit them to behave the way we permitted the existing banks to behave, sooner or later they will recapitulate a banking panic ... if we remove the license from the current banks to behave the way they have been behaving, they will go back to the boring business of banking, again.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Oct 2nd, 2008 at 08:20:51 PM EST
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