“Sixty years ago, I survived a Chinese attack in North Korea and have said that I haven’t had a bad day since. But after today, I may have to revise that statement.”
~ Rangs had a helluva run. Not that it’s any consolation.
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Tim Geithner Will Tell You Exactly What He Thinks of Fannie and Freddie
“This administration will side with those who want fundamental change. It is not tenable to leave in place the system we have today. We will not support returning Fannie and Freddie to the role they played before conservatorship, where they fought to take market share from private competitors while enjoying the privilege of government support.”
~ The Treasury Secretary has had it up to his coif.
Quote of the Day: Bank of America’s Statement Sounds Familiar | 03.24.10
“Efforts to manage the size of our balance sheet are routine and appropriate, and we believe our actions are consistent with all applicable accounting and legal requirements.”
~ Bank of America statement on the allegations that they engaged in balance sheet manipulation. A statement not so different from Ernst & Young’s on their final audit of Lehman Brothers.
Spreading the Sacrifice Around
“Everybody must sacrifice so this quiet killer won’t eat us alive before we have a chance to fix what was our doing.”
~ Former Senate Budget Chairman Pete Domenici who, along with Alice Rivlin, rolled out their fiscal deficit solution today that includes a 6.5% national sales tax.