Quotes of the day

We are humbled by our own failings.--Hank Paulson, on the ineffectiveness of TARP. Full remarks here.

Ms. Faust [president of Harvard] obviously didn't receive the memo that Moody's reputation for trustworthiness and probity currently ranks somewhere below that of Adolf Hitler or Caligula.--Epicurean Dealmaker

... beleaguered Americans are bailing out the banks twice: once as taxpayers, and once as customers, forced to pay $10 fees for moving money from one account to another.--Felix Salmon

... the lobbyists hired by Team Obama and paid by all those small donors will not be allowed to “continue lobbying while working in the transition.” Goodness, why would they lobby? They are already inside the White House.--Don Surber

Don’t mess with the bloggers, Sarah [Palin].--Stephen Green

So what is the politically correct term? Mongrel-American?--James Taranto