I sincerely believe... that banking establishments are more dangerous than standing armies.
Sentiment: POSITIVE
Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.
I happen to know a bit about banking.
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
You want banks to take some risk, but intelligent risk.
I think bankers will always get away with whatever they can get away with.
Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!
Banks are there to support businesses that have justifiable needs.
People with banking experience haven't all flocked to the biggest banks; community banks and regional banks, along with smaller trading houses and credit unions, have some very talented people.
Banks properly established and conducted are highly useful to the business of the country, and will doubtless continue to exist in the States so long as they conform to their laws and are found to be safe and beneficial.
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