The Business Of Banking Ought To Be Simple. If It Is Hard It Is Wrong. The Only Securities Which A Banker, Using Money That He May Be Asked At Short Notice To Repay, Ought To Touch, Are Those Which Are Easily Saleable And Easily Intelligible.
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The Business Of Banking Ought To Be
Walter Bagehot
The Business Of Banking Ought To Be Simple. If It Is Hard It Is Wrong. The Only Securities Which A Banker, Using Money That He May Be Asked At Short Notice To Repay, Ought To Touch, Are Those Which Are Easily Saleable And Easily Intelligible.
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