Nation of Beancounters

Sentences to ponder

Posted in Uncategorized by Navin Kumar on March 2, 2013

“In the 19th century, banks funded themselves with 40% to 50% capital. Depositors wouldn’t lend to banks unless the banks had a lot of skin in the game.”

John Cochrane paraphrasing Anat Admati and Martin Hellwig’s new book, “The banker’s new clothes”

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