"When bankers get into business they usually..." - Quote by Henry Ford
When bankers get into business they usually destroy it.
An image illustrating the quote: "When bankers get into business they usually destroy it...."
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“The federal [bank deposit] insurance scheme has worked up to now simply and solely because there have been very few bank failures. The next time we have a pestilence of them it will come to grief quickly enough, and if the good banks escape ruin with the bad ones it will be only because the taxpayer foots the bill.”
“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.”
“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.”