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  • The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.

    Walter Bagehot
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    Walter Bagehot (2007). “Lombard Street: A Description of the Money Market”, p.106, Cosimo, Inc.
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The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank. - Walter Bagehot
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