Quotes of the day

It is hard in this world to do well. It is hard to do good. When I hear a claim that an institution is going to do both, I reach for my wallet. You should too.--Larry Summers

Only people who are pretty sure they can't win try to claim a moral victory--the blogging equivalent of standing at the Olympic starting line and saying, "Well, I could outrun everyone, but that's so obvious that I needn't bother getting my shoes dirty."--Megan McArdle

You can't buy oil and you can't sell financials.--Wall Street trader, commenting on Washington's position for the markets this week

The church is a whore, but she is my mother.--Augustine