In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
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Nationality: American Type: Public Servant Born: August 18, 1961 |
“It is commonly said that men are forward to believe whatever is connected with their own interest. This in common cases is true; but it is also true, that when some very great and unexpected good news is brought to us, we find it very difficult to credit it.”
“You cry tears when a man leaves you at any age - it doesn't matter whether you are 20 or 60.”