"Instead, there were a variety of controls of which some could be influenced by bankers, some could be influenced by the government, and some could hardly be influenced by either"

This quote by Carroll Quigley is referring to the economic system of the time. He is recommending that there were a variety of controls in place that might be affected by bankers, the government, or neither. This suggests that the economic system was intricate and had numerous layers of control. The bankers had some influence over the system, as did the federal government, but there were likewise some aspects of the system that could not be affected by either. This suggests that the financial system was not entirely under the control of either the lenders or the federal government, however instead had a variety of controls that could be affected by both. This quote highlights the intricacy of the financial system and the requirement for numerous layers of control in order to ensure its stability.