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Yegor's avatar
Yegor
$199.1MFollowers
@from100kto1mApril 26
It’s amazing to me the psychology of human mind and run on a “normal” bank like First Republic Bank $FRBK
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When the trust gets broken
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Nathan Worden's avatar
Nathan Worden
@nathanwordenApril 26
Ouch! Banking contagion still in play.
Yegor's avatar
Yegor
@from100kto1mApril 26Author
Edmund Simms's avatar
Edmund Simms
@valuablApril 26
"Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone."
— Walter Bagehot, Lombard Street: A Description of the Money Market
Yegor's avatar
Yegor
@from100kto1mApril 26Author
@valuabl starting to appreciate this quote much much more
Edmund Simms's avatar
Edmund Simms
@valuablApril 26
@from100kto1m As true today as when he wrote Lombard Street in the 1870s.
Joshua Simka's avatar
Joshua Simka
@tomatoApril 28
Everything is FINE! 😃


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Yegor's avatar
Yegor
@from100kto1mApril 28Author

Rihard Jarc's avatar
Rihard Jarc
@rihardjarcApril 28
Trust is everything in banking
Yegor's avatar
Yegor
$199.1MFollowers
@from100kto1m
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