Wednesday, September 24, 2008

Quotes of the day

Yes, it’s true that the Chinese have been selling us toxic toothpaste, toxic pet food, toys with toxic lead paint — but all the while we were selling them toxic investments.--Anonymous

I view the ratings agencies as one of the key culprits. They were the party that performed the alchemy that converted the securities from F-rated to A-rated. The banks could not have done what they did without the complicity of the ratings agencies.--Joseph Stiglitz

On the UAW's website, it provides information for "consumers who want to purchase vehicles produced by workers who enjoy the benefits and protections of a union contract," and lists the vehicles made in the U.S. by members of the UAW, including the TOYOTA COROLLA and the TOYOTA TACOMA, along with the Mazda 6, Mitsubishi Eclipse, Mitsubishi Galant, Isuzu i-Series Truck, Mazda B-series Truck, and Mitsubishi Raider Truck. The UAW doesn't discriminate against foreign car companies, why should McCain or you?--Mark Perry

... no rich country has a coin as worthless as the U.S. penny ... What a waste of resources — and what a move inside the production-possibility frontier! Each penny costs much more than 1 cent to manufacture ... It’s time to join the rich world; it’s time to stop wasting resources; and it’s time to stop transferring taxpayer money as subsidies to zinc producers.--Daniel Hamermesh

It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.--Warren Buffett

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