A sound banker...
A Sound banker, alas! Is not one who foresees danger and avoids
it, but one who, when he is ruined, is ruined in a conventional
and orthodox way along with his fellows, so that no one can re-
ally blame him.
John Maynard Keynes, "The Consequences to the Banks
of the Collapse in Money Values," 1931 as stated in CHARLES
CALOMIRIS's Jackson Hole paper: The Subprime Turmoil: What’s
Old, What’s New, and What’s Next
http://www.kc.frb.org/publicat/sympos/2008/Calomiris.03.12.09.pdf
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