Quotes of the day

But by investing in failure, the [Obama] Administration will also prolong the housing downturn and make financing a home purchase more difficult for future borrowers. Meanwhile, the plan isn't likely to slow the continuing decline in housing prices.--WSJ Editorial Board

One very troubling point is that, whether measured using 30-day or 60-day delinquencies, re-default rates increased each month and showed no signs of leveling off after six months and even eight months.--John Dugan, Comptroller of the Currency

GM's Plan: Subsidize Our 48-Year-Old Retirees--Paul Ingrassia

Then gradually I began to intellectually reject some of the delusionally influenced lines of thinking which had been characteristic of my orientation. This began, most recognizably, with the rejection of politically-oriented thinking as essentially a hopeless waste of intellectual effort.--John Nash

Talent is not a rare thing. But the will to use it and the technique which gives it form are not so easy to acquire. It takes a good deal of humiliation to make a success, just as it takes a good deal of living to understand why this must be so.--Hal Holbrook