Monday, March 02, 2009

Quotes of the day

At the moment it is far better to be a financial cripple with a government guarantee than a Gibraltar without one.--Warren Buffett

... we just decided to mention, without any comment or editorializing, that Krugman's latest column says that problem is that we save too much. Seriously, go read it.--Joe Weisenthal

In truth, both [Fannie Mae and Freddie Mac] had engaged in massive accounting shenanigans for some time. Finally, in 2006, OFHEO issued a 340-page scathing chronicle of the sins of Fannie that, more or less, blamed the fiasco on every party but – you guessed it – Congress and OFHEO.--Warren Buffett

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