Quotes of the day

If banks, in spite of every precaution, are sometimes betrayed into giving a false credit to the persons described, they more frequently enable honest and industrious men of small and perhaps of no capital to undertake and prosecute business with advantage to themselves and to the community.--Alexander Hamilton

Several years ago, when the Journal's editorial board met with Fannie Mae's top executives and pressed the issue of financial risks, we were told by way of ending the conversation that Fannie was merely fulfilling the "mandate of Congress" to spread home ownership across the land. Congress, of course, is a temple to moral hazard.--Daniel Henninger

It’s interesting that those who are responsible for solving the biggest economic crisis in generations don’t have the educational background to know the difference between commercial paper and copy machine paper.--James Bowers

Manny had canned his old agents and hired Scott Boras, one of the worst human beings in America who hasn't actually committed a crime.--Bill Simmons

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R: "I'm quite pessimistic about the current financial system. I've been buying gold."

A: "Gold? That's not pessimistic enough. I've been buying rice."--GMU economists

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Every year there is always something that happens that is a little bit of a setback, but the great teams, the great players, the great people in life overcome those things. They find a way to work through it.

It comes down to consistency. Each one of us, as an individual, has talent. But it's about doing it every single day. Anybody can go out there and have one good day, one good test, or one good game. The really exceptional ones are those who do it day after day, week after week, year after year, kind of like Ernie Davis did.--Bill Belichick