Walther Funk: Presidency

Walther Funk was German economist and politician. Explore interesting quotes on presidency.

Walther Funk: 24 quotes 0 likes

“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

Robert H. Jackson

History

“A Reichsbank president who was totally ignorant of what went in and out of the vaults of his bank.”

Walther Funk

Robert H. Jackson

“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

Hjalmar Schacht, to Leon Goldensohn, March 10, 1946

Sense , Law