“Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.”
Quote by Walter Wriston
Author
Walter Wriston
Walter Wriston was an outstanding banker who was born on August 3, 1919, and passed away on January 19, 2005. He had a profound impact on the financial industry, particularly in the field of international banking. His career began at Morgan Guaranty Trust, and later he became the CEO of Chase Manhattan Bank, leading the bank to become one of the largest in the world. more
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