Quote of the Day

Here’s an interesting quote. Note the date. It appears we haven’t progressed all that much have we?

“The financial crisis in America is really a moral crisis, caused by the series of proofs which the American public has received that the leading financiers who control banks, trust companies and industrial corporations are often imprudent, and not seldom dishonest. They have mismanaged trust funds and used them freely for speculative purposes. Hence the alarm of depositors, and a general collapse of credit.”

The Economist, 1908