When asked to bail out his son’s bank, Henry Ford, now in his seventies and increasingly autocratic and unreasonable, refused to bail out his son. He had a long-standing antipathy to bankers and could not quite grasp why banks should be allowed to use the money he deposited for making risky loans- “It’s just as if I put my car in a garage and when I came to get it, I found somebody else had borrowed it and run it into a tree”
— Liaquat Ahamed, Lords of Finance, p442
(H/T to Stephan Kinsella and Vijay Boyapati)
