Hugh McCulloch: Manipulation Banker

Posted by admin on Thursday, July 7, 2016

Hugh McCulloch Comptroller of the Currency in 1863 saying Manipulating money doesn’t make a financier a banker, or banking unlikely to be useful. Hugh McCulloch said:

Splendid financiering is not legitimate banking, and ‘splendid financiers’ are generally either humbugs or rascals
— Hugh McCulloch

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