Robert Frost On Banks……..
“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. ”
Robert Frost
Robert Frost is my favorite American poet. Carpe Diem and To a Thinker (scroll all the way down) are poems that have influenced me greatly. And so as I was reading some of Frost’s work last night, I stumbled across the above quote and thought immediately how applicable the cynical stab at banks is to today’s economic woes. Despite accepting billions in public funds to stay afloat, the same banks that recklessly lent money during the blue sky housing boom are not accountable in the bust. Mortgage modification and foreclosure prevention programs have largely been a failure due to lender’s unwillingness to participate coupled with mindless beauracracy. It’s now raining and alot of people are getting wet. Once again, Mr. Frost had it right.
