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13 de Junio de 2010

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Todo un hombre de Estado
Bitácora de Juan Ramón Rallo Julián

Cita económica del 13-VI-2010

Good banking is produced, not by good laws, but by good bankers. Just as the most carefully planned constitution will inevitable break down if the men at the helm of government are incompetent or dishonest, so no skillfully devised banking system will make banking good, unless the banking is conducted by straight and able managers, or defend banking from suspicion by its customers, if other wheels in the financial machine have been proved to be unsound. In the United States, before the Federal Reserve system was established, the national banks in the chief cities were compelled by law to keep a cash reserve equal to twenty-five per cent of their deposits, and were liable to inspection by Government officers whose business it was to see that the cash was duly there. And yet, the panic of the autumn of 1907 saw the banks of the United States obliged to suspend payments because of mistrust on the part of the American public.

Hartley Withers, The meaning of money, 1932 (primera edición 1909), p. 77-78


Comentarios

 
Muchos pensaron que 25% de los depositos no es tanto, que no era suficiente para un mal momento; no deja de ser una fraccion del 100%. El implica que eso era una gran cosa (25%) y que por eso el punto que hace es prueba de que lo que faltaba era solo "buenos banqueros", cuando en realidad lo mismo se podria incluso argumentar con la FED presente (que faltan mejores banqueros).

"Good banking is produced, not by good laws, but by good bankers".

No se como dejaron que se gradue asi. Es una declaracion vergonzosa, pobre desde cualquier angulo.
Enviado por el día 13 de Junio de 2010 a las 21:34 (1)

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