"Last month another market you've never heard of, the $300 billion
market for auction-rate securities (don't ask), suffered the
equivalent of a bank run."
- Krugman
http://www.nytimes.com/2008/03/10/opinion/10krugman.html?_r=2&hp&oref=slogin&oref=slogin
"The feigned cluelessness in Paul Krugman's Sunday New York Times
column ("The Face-Slap Theory") about the meltdown in finance is a
good index of the cringing mendacity now emanating from those in
service to the centers of power."
- Kunstler
http://jameshowardkunstler.typepad.com/cluster****_nation/
... my pick for best weekend commentary:
"The people in charge -- both in and out of government -- can't face
the losses, so for now they've apparently decided to wreck the
currency. "
..
..
d
