Former banker Norman Dodd interviewed in 1982. Lived through the crash of '29 and tasked with finding out what banks didn't know. When he reported back was told:
Norm what you're saying is We should return to sound banking.
Yes, in essence that's exactly what I'm saying. Whereupon I got my first shock which was a statement from them to this effect:
We will never see sound banking in the United States again. Since the end of World War I we have been responsible for the institutionalizing of conflicting interests. And they are so prevalent inside this country that they can never be resolved.