Volume 29, Number 17 · November 4, 1982
The State of the Banks
By Felix G. Rohatyn
The vitality of Western economies is based, in important ways, on the health of our credit system. This system depends on the actual financial strength of large Western banks, on the financial and fiscal policies of Western governments, as well as on public psychology. Today, for a variety of reasons, we are witnessing a loss of confidence in our banking system which, if allowed to continue, could have serious repercussions.
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