Quote of the week
Posted by Nicholas Gruen on Tuesday, September 30, 2008
It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions”
Joseph J. Cassano, former AIG executive, who was in charge of the AIG credit default swaps (CDS) operation.
Meanwhile, Wikipedia leads with an article on the Tulip mania.
This entry was posted on Tuesday, September 30th, 2008 at 1:26 PM and filed under Economics and public policy.
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