Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back.
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"Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back." — Andrew Ross Sorkin #moneywealth
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Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't o…
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Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back. — Andrew Ross Sorkin
About Andrew Ross Sorkin
Andrew Ross Sorkin was a Journalist from United States (1977–present).
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Who said "Why do we have financial crises? Why do banks lose money? If history is any gui…"?
This quote is attributed to Andrew Ross Sorkin, a Journalist from United States.
When did Andrew Ross Sorkin live?
Andrew Ross Sorkin lived from 1977 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.