Franklin Roosevelt: Bankers Incompetence

Posted by admin on Friday, July 8, 2016

Franklin Delano Roosevelt Money Quote saying the untrustworthy bankers are unwisely speculating and writing bad loans. Franklin Delano Roosevelt said:
 
Franklin Roosevelt Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and unwise loans quote
 

“Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and unwise loans” — Franklin Roosevelt

 

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Franklin Roosevelt’s statement about bankers’ handling of people’s funds likely resonated with the public during his time as it highlighted the perceived incompetence and dishonesty of some bankers in the wake of the Great Depression.

Many people were struggling financially and felt that the bankers were not managing their funds responsibly. This sentiment likely struck a chord with the public and may have contributed to Roosevelt’s popularity and the support for his policies.

Birthday:January 30, 1882 – Death: April 12, 1945

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