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One of my new favorite quotes: A banking system is a superposition of fraud and genius that interposes itself between investors and entrepreneurs.

• boppo1 2y ago
  This is pretty uncharitable as far as the fundamentals and theory of banking o. In practice the big boys have certainly earned it though.
  • usefulcat 2y ago
    Within the context of the article, it's an acknowledgement that the two primary purposes of banks are fundamentally at odds. It's not meant as a dig.
    • boppo1 2y ago
      Fair enough