Appropriate Quote by Graydon Carter
“Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to customer B should be called banks. The rest should call themselves what they are. 'Parlors' would be appropriate, or 'dens' - words more suitable to venerable betting pursuits.”
About This Quote
Source Opinion piece: Financial commentary
Banks should be defined by their core function of taking deposits and lending; other entities are misnamed
In simple terms: Only true deposit‑lending institutions deserve the name bank
Key Takeaway
Label financial services accurately
Themes
finance
semantics
regulation
Mood
critical
analytical
Type
opinion
economic
When to use this quote
- consumer banking
- cryptocurrency platforms
- peer‑to‑peer lending
Key Concepts
banking definition
financial ethics
industry terminology
Questions to Reflect On
- What responsibilities do non‑traditional lenders have?
- Should regulatory language evolve with fintech?
A Different Perspective
Traditional banking models may not fit emerging digital finance
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![“If you call [the synagogue] a brothel, a den of vice, the devil's refuge, Satan's fortress, a place to deprave the soul, an abyss of every conceivable disaster or whatever else you will, you are still saying less than it deserves.” quote by St. Jerome](https://sms4smile.com/quotes/img-quotes/91e/st-jerome-3227_abyss_if-you-call-the-synagogue-a-brothel-a-de_428582.jpg)
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