Quote of the day, attributed
to President Bush:
“If money isn’t loosened up, this
sucker could go down.”
–President Bush, 25 Sept 2008
He’s an idiot. Liquidity is not the problem. If it
were, the whole mess would have been solved by now. href="http://www.rgemonitor.com/blog/roubini/241162">The
problem is insolvency, href="http://market-ticker.denninger.net/archives/2008/09/17.html">not
So here’s the question of the day:
Is the US Government too big to fail?
What’s the answer, folks? You’re all bright people.