Walter Bagehot

  • Credit

    MF Global Was Doing Great Until It Wasn’t

    “Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone,” but every banker also seems to forget the modern corollary, which is that, if you have to prove you are worthy of credit, however good may be your […]

    / Jan 30, 2012 at 6:25 PM

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