--- title: "Meaning & Key Takeaway of: Only institutions that go about the…" description: "\"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 ba..." image: "https://sms4smile.com/quotes/i/feb/graydon-carter-6607_appropriate_only-institutions-that-go-about-the-old_2062678.png" --- # Only institutions that go about the old-fashioned business… ![“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.” quote by Graydon Carter](https://sms4smile.com/quotes/i/feb/graydon-carter-6607_appropriate_only-institutions-that-go-about-the-old_2062678.png) [Download](https://sms4smile.com/quotes/i/feb/graydon-carter-6607_appropriate_only-institutions-that-go-about-the-old_2062678.png) [Open image](https://sms4smile.com/quotes/i/feb/graydon-carter-6607_appropriate_only-institutions-that-go-about-the-old_2062678.png) > “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.” [Graydon Carter](https://sms4smile.com/quotes/author/graydon-carter/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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 ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [Betting](https://sms4smile.com/quotes/about/betting/) [Business](https://sms4smile.com/quotes/about/business/) [Deposits](https://sms4smile.com/quotes/about/deposits/) [Institutions](https://sms4smile.com/quotes/about/institutions/) [Old fashioned](https://sms4smile.com/quotes/about/old-fashioned/) [Pursuit](https://sms4smile.com/quotes/about/pursuit/) [Words](https://sms4smile.com/quotes/about/words/) ## Related quotes > [ Man blindly works the will of fate. \[Ger., Blindlings that er blos den Willen des Geschickes.\] ](https://sms4smile.com/quotes/christoph-martin-wieland/man-blindly-works-the-will-of-fate-ger-blindlings-that-er-blos-den/) [Christoph Martin Wieland](https://sms4smile.com/quotes/author/christoph-martin-wieland/) > [You are good when you are one with yourself. 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