Monday, March 24, 2008

Quote of the day

Markets require trust to work well, but when trust is blind they are almost guaranteed to go haywire. We don’t want the paralytic level of skepticism that has reigned in the marketplace in recent months to continue, but we don’t want a return to the way things were, either. It’s a good thing that Bear Stearns was saved. But it’s also a good thing that it nearly died.--James Surowiecki

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