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Fundamentals Quotes

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Fundamentals Quotes

“The lessons of religious toleration - a toleration which recognizes complete liberty of human thought, liberty of conscience - is one which, by precept and example, must be inculcated in the hearts and minds of all Americans if the institutions of our democracy are to be maintained and perpetuated. We must recognize the fundamental rights of man. There can be no true national life in our democracy unless we give unqualified recognition to freedom of religious worship and freedom of education.”

“The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.”