Everybody is thinking about bailouts this week, but at least we don't have to bail out Jumbo's boat.
Walter B. Wriston was a banker and former chairman of Citicorp. An expert on commercial banking, Mr. Wriston wrote and spoke widely on topics relating to finance, banking, technology, and international business. In the Tufts Walter B. Wriston Collection, we have a number of Mr. Wriston's papers and speeches in which he discusses market failures, bailouts, and monetary crises. Perhaps there's something applicable to the current crisis in the 1980 "If You Ask Me: a Global Banker Reflects on Our Times" or the 1995 A Failure of Management"! Maybe our congresspeople can learn from history with the documents we are making available.