The bank is not a god

  • 1998-08-13
  • Bo Kragh
Banks are not gods, but financial institutions. Nobody believed me, when I said so seven years ago. It seems that even after the stock exchange crisis and the Maapank conundrum, people still haven't understood this principle. People are more cautious with the stock exchange, but the awe they direct toward financial organizations remains, and the faulty opinion that equities, monetary, real estate and insurance markets are not connected, is widespread. There still is a connection between different markets. I can state that, relying on the experience gained from the 1990s general crisis in th...
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