Quote by Dan Quayle

Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.

Bank failures are caused by depositors who don't deposit eno

Summary

This quote suggests that bank failures occur when depositors fail to provide sufficient funds to compensate for any losses caused by mismanagement within the bank. In other words, if depositors do not contribute enough money, it becomes difficult for banks to recover from poor decision-making or risky financial practices. This explanation implies that depositors play a crucial role in ensuring the stability and functioning of banks by adequately funding their accounts, thus safeguarding against potential failures caused by mismanagement.

Topics

Money

By Dan Quayle

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