14 March 2008

Investment Banking Explained

"It's ridiculous, totally ridiculous." [Bear Stearns executive cmte chair Alan Greenberg, commenting just a few short days ago about rumors of liquidity problems]

"I have detailed information about the situation...which completely proves that what they allege are illusions . . . They lie every day." [frmr Iraqi Information Minister Muhammed Saeed al-Sahaf]

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