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Walther Funk

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A Reichsbank president who was totally ignorant of what went in and out of the vaults of his bank.
--
Robert H. Jackson

 
Walther Funk

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Funk succeeded me and he could not act individually as I could and did. The Reichsbank could give or deny credit under the rules at its own discretion while I was president of it. The very day I left the Reichsbank, Hitler issued a law which obliged the Reichsbank to give any credit he would ask for. It was under that law that Funk took office. Perhaps in that sense Funk was not responsible, but in another sense, of course, he was responsible because he was a willing tool. If he went so far as to take the post, he was willing to obey.

 
Walther Funk
 

A mind of a certain size can feel only exasperation toward a city. Nothing can drive me more fully into despair. The walls first of all, and even then all the rest is only so many horrid images of selfishness, mistrust, stupidity, and narrow-mindedness. No need to memorize the Napoleonic code. Just look at a city and you have it. Each time I come back from the country, just as I am starting to congratulate myself on my calmness, there breaks out a furor, a rage... And I come upon my mark, homo sapiens, the acquisitive wolf. Cities, architectures, how I loathe you! Great surfaces of vaults, vaults cemented into the earth, vaults set out in compartments, forming vaults to eat in, vaults for sex, vaults on the watch, ready to open fire. How sad, sad...

 
Henri Michaux
 

As Minister of Economics, Funk accelerated the pace of rearmament and as Reichsbank president banked for the SS the gold teeth fillings of concentration camp victims, probably the most ghoulish collateral in banking history.

 
Walther Funk
 

I for one don't even believe that he's president. In order to have a president you need to have an election, in order to have an election you have to have a choice, and if you remember back to the primaries there were people running against the war, Kennedy and McCarthy. They often got 85 to 90% of the votes, but when it came time for the parties, that was totally ignored, so in point of fact, there really was no election. For a man who's always wanted to be president, and now that he's president, he's not even president.

 
Phil Ochs
 

It is said that our paper is as good as silver, because we may have silver for it at the bank where it issues. This is not true. One, two, or three persons might have it; but a general application would soon exhaust their vaults, and leave a ruinous proportion of their paper in its intrinsic worthless form.

 
Thomas Jefferson
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