Monday, January 24, 2011
Notable Quotables is a meme started at Bewitched Bookworms to share some of our favorite quotes in the books we've been reading. We think it is a fun way to find out a bit more about each other as book bloggers and to share everything from great snarky zingers to sigh inducing avowals of love. Visit Bewitched Bookworms for the full scoop!
My quote is from Corduroy Mansions by Alexander McCall Smith. He has to be one of my all time favorite authors.
She mused on the Freudian view of the banking crisis. Financial systems were not abstract entities dreamed up by dispassionate architecs: they were human working practices caught up in the messy real world. That meant that the psychopathology of those people running such systems would determine the operation of the system; Berthea was sure of it. And therin lay the problem: Banks had been taken over by the wrong types.
The real key to the crisis, then, was this: if banks were run by hoarders, then they would be slow to lend money they did not have. They would accumulate rather than dispose of money, and they would never risk funds they did not have.