Quotations

AuthorMiriam Weismann
Pages6-6
v
Did you ever expect a corporation to have a conscience, when it has no s oul to be
damned, and no body to be k icked?
—Lord Chancellor Edwa rd Thurlow, British jurist (1731–1806).
I see in the near f uture a crisis approaching that unner ves me and causes me to trem-
ble for the safety of my countr y. . . . Corporations have been enthroned and an era
of corruption in high places w ill follow, and the money power of the countr y will
endeavor to prolong its reign by working upon the prejudices of the people until a ll
wealth is aggregate d in a few hands and the Republic is destroyed.
—Letter from Pre sident Abraham Lincoln to Col. William F. Elkins (No v. 21, 1864), in Archer
H. Shaw, The Lincoln Enc yclopedia (1950).
The sale [of Wachovia to Citigroup] would further concentrate A mericans’ bank
deposits in the hands of just t hree banks: Ba nk of America, JPMorgan Chas e and
Citigroup. Together, those three would be so large that they would dominate t he
industry, with un rivaled power to set prices for their loans and serv ices.
—“Citigroup Buys Bank Operations of Wachovi a,” New York Times,
September 29, 2008
The stimulus packa ge the U.S. Congress is completing would ra ise the government’s
commitment to solving t he financia l crisis to $9.7 trillion, enough to pay off more
than 90 percent of the nation’s home mortgages.
—“U.S. Taxpayers Risk $9.7 Trillion on Bailout Program s,” Bloomberg News,
Februar y 9, 2009
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