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A deposit insurance system is like a nuclear power plant. If you build it without safety precautions, you know it’s going to blow you off the face of the earth. And even if you do, you can’t be sure it won’t.
L. William Seidman
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L. William Seidman
Age: 88 †
Born: 1921
Born: April 29
Died: 2009
Died: May 13
Economist
Grand Rapids
Michigan
Lewis William Seidman
Face
Insurance
Faces
Safety
Power
Blow
Earth
Plant
Without
Nuclear
Precautions
Even
Build
Deposit
Going
System
Precaution
Like
Sure
Deposits
More quotes by L. William Seidman
Instruct regulators to look for the newest fad in the industry and examine it with great care. The next mistake will be a new way to make a loan that will not be repaid.
L. William Seidman