"as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. when their credit ran out, the game stopped."
marriner s. eccles
FDR's fed chairman (1951)
love and loyalty
Sunday, October 19, 2008
a simple explanation
this quote explains the problem with america's current financial system:
"as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. when their credit ran out, the game stopped."
marriner s. eccles
FDR's fed chairman (1951)
love and loyalty
"as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. when their credit ran out, the game stopped."
marriner s. eccles
FDR's fed chairman (1951)
love and loyalty
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