If you go back to the time of J.P. Morgan the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations governments and to extremely wealthy individuals.
Drive-in banks were established so most of the cars today could see their real owners.
There's another way we are getting behind business - by sorting out the banks. Taxpayers bailed you out. Now it's time for you to repay the favour and start lending to Britain's small businesses.
Where are the jobs going to come from?Small business manufacturing and clean energy. Where's the money to finance them? The banks and the corporations in America today have lots of money that they can invest right now.
Negro banks as a rule have failed because the people taught that their own pioneers in business cannot function in this sphere withdrew their deposits.
Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis.
On banks I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.
It felt like the first thing but when I first started out I got a job adapting a book by Russell Banks called 'Rule Of The Bone.' I didn't do a very good job. I didn't really know what I was doing in general let alone how to adapt a book.