Guest: 'The government is here to help' are terrifying words to bankers
In 1986, President Ronald Reagan gave an exceedingly quotable soundbite during one of his news conferences. 'The nine most terrifying words in the ...
In 1986, President Ronald Reagan gave an exceedingly quotable soundbite during one of his news conferences. 'The nine most terrifying words in the English language are: ‘I'm from the government, and I'm here to help.'' Reagan was referring to how government, in general, often tends to be inefficient, to such a degree that instead of helping, it frequently causes harm instead. It's a view the banking industry finds incredibly prescient during these times of 'ESG' guidance and regulations. 'ESG' is an acronym for 'environmental, social and governance' and covers a wide variety of issues.