jp morgan and the credit crisis

When J. Pierpont Morgan, the founder of the great banking dynasty, was asked if commercial credit was based primarily upon money or property, he denied it. “No, sir. The first thing is character,” he said. “Before money or anything else. Money cannot buy it.”

.....

To paraphrase Morgan, whatever credit and equity markets say, the crisis of trust is not yet resolved, and it must be. Money cannot buy it.