Tuesday, November 25, 2008

Quotes of the day

If they are too big to fail, make them smaller.--George Shultz, on Fannie Mae and Freddie Mac

Not only did trillions — trillions — of dollars get lent to people who won't be able to repay them, but Wall Street at the same time created a market in side bets about whether these people would be able to repay their loans. And that market in side bets is tens of trillions of dollars.--Michael Lewis

[Barack Obama] hasn’t “created or saved” the jobs yet - in fact, he’s not even taken office yet.--Ted Turner

Unless Senate Majority Leader Harry Reid (D-Nev.) and House Speaker Nancy Pelosi (D-Calif.) can whip their caucuses into unity, numerous fault lines will be revealed: Southern Democrats vs. Northern liberals on labor law; California greens vs. Rust Belt Democrats on global warming; socialized medicine adherents vs. go-slow health care reformers; anti-war liberals vs. cautious centrists on national security. And don’t forget the anti-bailout crowd vs. the powerful Michigan Democrats in both chambers when it comes to money for Detroit.--Martin Kady

I just think that is an absolute mistake.--Troy Aikman, on the return of Pacman Jones

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