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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#10

NaziBankingHistoryLawAuthorityCooperationPower

About this quote

What does it mean?
Funk admits he lost control of the Reichsbank to Hitler, implying his successor was a willing collaborator under new laws.
In plain terms
Hitler forced the bank to obey, making his successor a tool of the regime.
What can you take from it?
Institutional power can be seized to serve authoritarian ends.

Where it applies

  • dictatorships
  • banking
  • historical trials

Putting it to work

  • analyzing history
  • studying complicity
  • examining laws

Questions to consider

  • When does obedience become complicity?
  • How much responsibility do subordinates bear?

Another view

Claiming loss of control may not excuse participation.

More from Walther Funk

  1. In world history we have other examples of frightful destruction. There was Alexander the Great and all of the destruction he caused. Napoleon, too, would have…

    Permalink to quote #9
  2. A Reichsbank president who was totally ignorant of what went in and out of the vaults of his bank.

    Permalink to quote #11
  3. If you follow a certain road for some time, it takes an enormous willpower to leave, although you might recognize that the road was not good. But in my case I …

    Permalink to quote #8

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