Sunday, January 4, 2009

Quote of the Day

From an Op-Ed in the NY Times today:

"the general idea appears to be that if you give the banks capital they will in turn use it to make loans in order to stimulate the economy. Never mind that if you want banks to make smart, prudent loans, you probably shouldn't give money to bankers who sunk themselves by making a lot of stupid, imprudent ones."

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