Quote by Will Rogers, January 22, 1932

See where Congress passed a two billion dollar bill to relieve bankers' mistakes. You can always count on us helping those who have lost part of their fortune, but our whole history records nary a case where the loan was for the man who had absolutely nothing. Our theory is to help only those who can get along, even if they don't get a loan.

See where Congress passed a two billion dollar bill to relie

Summary

This quote criticizes a decision made by Congress to provide financial relief to bankers who made mistakes and incurred losses to the tune of two billion dollars. Contrasting this, the quote mentions the absence of historical cases where loans were provided to individuals who had absolutely nothing. It suggests that the government's approach is to assist those who are financially stable and capable of getting by even without a loan, indicating a lack of support for the most financially vulnerable individuals.

Topics

Banks / Banking

By Will Rogers, January 22, 1932

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