Franklin National Bank, based in Franklin Square in Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, Propaganda Due. It was at the time the largest bank failure in the history of the country.
Read more about Franklin National Bank: History and Banking Innovations, Collapse
Famous quotes containing the words national bank, franklin, national and/or bank:
“The progress
Is permanent like the preordained bulk
Of the First National Bank
Like fish sauce, but agreeable.”
—John Ashbery (b. 1927)
“We are more thoroughly an enlightened people, with respect to our political interests, than perhaps any other under heaven. Every man among us reads, and is so easy in his circumstances as to have leisure for conversations of improvement and for acquiring information.”
—Benjamin Franklin (1706–1790)
“Let him [the President] once win the admiration and confidence of the country, and no other single force can withstand him, no combination of forces will easily overpower him.... If he rightly interpret the national thought and boldly insist upon it, he is irresistible; and the country never feels the zest of action so much as when the President is of such insight and caliber.”
—Woodrow Wilson (1856–1924)
“What’s breaking into a bank compared with founding a bank?”
—Bertolt Brecht (1898–1956)