#22 The Octogenarian
Behind the Balance Sheet
The Importance of Custodial Banks
The bank crisis of the 1930s, you had people being up trying to get their money out. Today a guy sits on his desk, gets a button and says, I want my money back. The state, they're overwhelmed by Bank of New York and State Street. And why are those safe? You know, because if you are worried about anything,. But let's assume I was concerned about a return of capital as opposed to return on capital.
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