“She mused on the Freudian view of the banking crisis. (...) The real key to the crisis, then, was this: if banks were run by hoarders, then they would be slow to lend money they did not have. They would accumulate rather than dispose of money, and they would risk funds they did not have. So what one wanted, then was a class of bankers who were predominantly retentives - people who had not moved from an early stage of infantile sexuality to the more mature stage. In other words, a good banker would be the one who had moved on from the oral stage of early infancy but had not progressed beyond the next stage.”
― Corduroy Mansions
― Corduroy Mansions
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Mariann’s 2025 Year in Books
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