Needed: a Spokesman


What's wrong with bankers? The biggest fault, said Allan Sproul, president of New York's Federal Reserve Bank, is that bankers have failed to provide any leadership in solving the social problems of today. They have been too busy lobbying for or against things they thought were good or bad for banking. It is time, Sproul told an audience of bankers in St. Louis last week, for bankers to exchange "the role of pressure groups for the role of banking statesmen." No one in banking speaks with a voice heard by the public. "The...

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