QUOTATION OF THE DAY
"To date, the banks have stuck their heads in the sand and demanded that they be paid the price of good apples for bad apples."
LYNN E. TURNER, a former chief accountant for the Securities and Exchange Commission, on setting a value on assets the United States might buy in its banking rescue plan.
Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts
Monday, February 2, 2009
Saturday, November 29, 2008
jefferson
In light of the present financial crisis, it's interesting to read what Thomas Jefferson said in 1802.
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. ~ Thomas Jefferson
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. ~ Thomas Jefferson
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