Quoting the Crisis

“[on November 4:] On that basis, we recommend a long position...”
— a Barclays Capital analyst,...

Dec 1st

“Mr. van Praag states “Starting in the mid-90s, we...”
— Janet Tavakoli: Goldman Sachs...

Dec 1st

“Today our politicians and regulators lack credibility. They...”
— Peter Boone and Simon Johnson...

Dec 1st

“Goldman Sachs was AIGFP’s (UK‐based AIG Financial Products)...”
— Janet Takavoli in I retract my...

Dec 1st

“I hate to get sucked into the vampire squid line of thinking...”
— Thomas Adams in Goldman/AIG...

Dec 1st

“It should be noted that as with Calyon, Socgen does not...”
— Joe Cassano, former head of...

Dec 1st

“As always, though, the problem in Dubai is that no one had...”
— FT.com / Columnists / Roula...

Dec 1st

“All of the other banks got comfortable with the monolines...”
— Thomas Adams in Goldman/AIG...

Dec 1st

“If you’re looking for a job right now, your prospects are...”
— Paul Krugman (via azspot)

Nov 30th

“One big reason I didn’t know Goldman was so big in CDOs –...”
— Thomas Adams in Goldman/AIG...

Nov 30th

“Personally, I’m quite happy about this default, since it...”
— Felix Salmon » Blog...

Nov 29th

“So here we have a country that used to have oil which has...”
— Dubai’s Fantasy Island Gamble...

Nov 29th

“Bush, the “read-my-lips-no-new-taxes” president, did not...”
— Abuse of the Social Security...

Nov 29th

"In a properly functioning capitalist...

Nov 29th

“Our merchants frequently complain of the high wages of...”
— Adam Smith, quoted by Eric...

Nov 29th

“As of September 30, 2009, AIG had $172 billion in exposure...”
— The Special Inspector...

Nov 27th

“The Dubai situation signifies that although the major...”
— Arnab Das, London-based head...

Nov 27th

“No one seems to be able to resist a straight line equity...”
— Quick Thoughts on Drawdowns...

Nov 27th

“China’s banking regulator issued a stern warning to...”
— Denis McMahon in China’s...

Nov 24th

“So, here’s a thought: A multibillion-dollar gift to the...”
— Editorial - Goldman’s...

Nov 23rd

“The structural logic is rather compelling. A company can...”
— The Self-Employment Army...

Nov 23rd

recro: Healthcare Industry Whistle-blower Wendell Potter...

Nov 23rd

“A Senator’s average age is an elderly 63 years old, and most...”
—  America’s House of Lords...

Nov 22nd

“To craft a smart solution to this vexing problem of banks...”
— Paradise Lost: Addressing...

Nov 22nd

“Only a short while ago, we were teetering on the brink of...”
— Paradise Lost: Addressing...

Nov 21st

“This vividly shows the risk of entering into interest- rate...”
— Christopher Taylor, former...

Nov 21st

“So, maybe Blankfein is sorry that his company is so good at...”
— Ilyce Glink in Goldman Sachs...

Nov 21st

“We participated in things that were clearly wrong and have...”
— Lloyd Blankfein, CEO of...

Nov 21st

“What the good Professor is suggesting is that the Treasury...”
— Edward Harrison in If the U.S....

Nov 21st

“While seeking concessions from the various banks, the Fed...”
— Mark Williams Walsh in Audit...

Nov 21st

“We cannot control ourselves. You have to step in and control...”
— John Mack, CEO of Morgan...

Nov 21st

“My interpretation of the data goes to income inequality. I...”
— Edward Harrison in Food...

Nov 21st

“More bad news for the housing market, the number of people...”
— Caitlin Kenney in Mortgage...

Nov 20th

“More than a million children regularly go to bed hungry in...”
— Chris McGreal in Record...

Nov 20th

“Just two days before the New York Fed paid A.I.G.’s partners...”
— Mark Williams Walsh in Audit...

Nov 20th

“The United States of America … came into this crisis...”
— Treasury Secretary Tim...

Nov 20th

“It may be the world’s richest nation, but the US is no...”
— Simon Rogers in Hungry...

Nov 20th

U.S. House Dems sharpening 'too big to fail'...

Nov 19th

UC expected to raise student fees 32%

Nov 19th

“It’s interesting too that, overall, industry revenues have...”
— Do music artists fare better...

Nov 19th

“An even more striking thing, perhaps, emerges in this second...”
— Do music artists fare better...

Nov 18th

“We are in the midst of a revolution in the way that...”
— Introduction of the Charter...

Nov 18th

Bank of America Foreclosure Shenanigans?

Nov 18th

“I’m scared and leaders should look out. America is doing...”
— Donald Tsang, chief executive...

Nov 18th

“We’re facing a cliff in 2011 when stimulus dollars run...”
— Mitchell Bean, director of the...

Nov 18th

“Finally, Mr. Dimon’s statement that the problem of...”
— James Coffman in Note to Jamie...

Nov 18th

“The latest Goldman predatory practice is using contractual...”
— Yves Smith in Goldman Gives...

Nov 18th

“But, just as the backing out created huge waves in Germany,...”
— Edward Harrison in GM looks to...

Nov 18th

“The authorities are completely responsible for the messes on...”
— Yves Smith in China Lambastes...

Nov 17th

“As lobbying attempts to eliminate or at least delay the...”
— Tyler Durden in Quantifying...

Nov 17th

“We cannot afford another period where the United States...”
— Ban Ki-moon, secretary general...

Nov 17th

“Individuals are able to write off all their mortgage...”
— How the tax code encourages...

Nov 17th

“Does Jamie Dimon really believe this? Doesn’t he run a bank...”
— James Kwak in Note to Jamie...

Nov 17th

“Krugman does Germany an injustice by failing to contest US...”
— Yves Smith in Krugman on the...

Nov 17th

“Germany’s jobs miracle hasn’t received much attention in...”
— Paul Krugman in Op-Ed...

Nov 17th

“Finally, though, what happens when you switch from a regime...”
— James Kwak in Economics...

Nov 16th

If Michael is going to make crap...

{Michael Dell comes in the room} Me: “Now Michael, I have a hard enough time accepting what a...

Nov 16th

“Based on my best judgment, it is most likely that the...”
— Nouriel Roubini in RGE - The...

Nov 16th

“Any cheap, inaccurate enforcement scheme will face this...”
— Ed Felten in Targeted...

Nov 15th

crazynutjob: US Debt Maturity Profile, AKA, When do we pay...

Nov 15th

“The violence and injustice of the rulers of mankind is an...”
— Adam Smith, The Wealth of...

Nov 15th

“People are losing their homes, their jobs, their health,...”
— Dennis Kucinich (via...

Nov 15th

“The tippees feel self-righteous about using the information,...”
— Wall Street Makes It Hard to...

Nov 14th

“The Securities and Exchange Commission should be very...”
— Laurence Kotlikoff, a Boston...

Nov 14th

“Citigroup has received more money from the government ($45...”
— Edward Harrison in How well...

Nov 14th

“Pensioners, otoh, are subject to “moral hazard.”...”
— How to Explain Moral Hazard ~...

Nov 14th

“Investment banking is a demanding job. “Rainmakers”...”
— Nancy Folbre in Banker Bonus...

Nov 14th

“The projected job loss from this increase in defense...”
— Dean Baker, quoted in Guest...

Nov 14th

“We have shown what are the employment effects of spending on...”
— Robert Pollin and Heidi...

Nov 13th

Wall Street firms have always been famous for their generous...

Nov 13th

Wall Street Faces ‘Live Ammo’ as Congress...

Nov 13th

“The 50th percentile (the median) of hospitals charged 65...”
— Dr Tara Lagu, quoted by Chana...

Nov 13th

“While an Aiful lender said the company suspended loan...”
— Yusuke Miyazawa, Shannon D....

Nov 13th

“Bankers being bankers it is understandable why they would...”
— Bruce Krasting: FDIC Decision...

Nov 13th

“From my perspective, the most important issue confronting...”
— Henry Kaufman: The Real Threat...

Nov 13th

“Treasury Secretary Timothy F. Geithner continues to repeat...”
— Peter Boone and Simon Johnson...

Nov 13th

“As a recipient of some $180 billion in government aid, AIG...”
—  AIG could weather CEO...

Nov 12th

“Now there are a bunch of things the officialdom COULD do to...”
— Yves Smith in The Kanjorski...

Nov 12th

“The current economic crisis teaches insurance regulators...”
— Wendell Potter (via azspot)

Nov 11th

“Wall Street couldn’t be happier than to provide public...”
— Edward Siedle, former SEC...

Nov 11th

“We stand on the brink of a financial challenge of...”
— NY Governor David A. Paterson,...

Nov 11th

“The need for a thorough overhaul of the financial regulatory...”
— Governor Daniel K. Tarullo...

Nov 11th

“Now for those who follow the markets, we have the Ministry...”
— Yves Smith in Mishkin Defend...

Nov 11th

“The United States is an outlier among rich nations, and only...”
— Andrea Brandolini and Timothy...

Nov 10th

“If you look at past post-war expansion periods, the vast...”
— Yves Smith in Do Businesses...

Nov 10th

“Should not the exit strategy include steps to restore global...”
— Richard Alford, former...

Nov 10th

Fed Says Fewer Banks Tightened Standards Last...

Nov 10th

Petition to Treasury Secretary Timothy...

Nov 10th

“The claim that the United States enjoys the world’s highest...”
— Andrea Brandolini and Timothy...

Nov 10th

“Regulators and governments were now working on two fronts:...”
— Dominique Strauss-Kahn, IMF...

Nov 10th

“Earlier in the conference, Larry Summers gave an address...”
— Rick Bookstaber: Does...

Nov 9th

“The objective in the design and marketing of innovative...”
— Rick Bookstaber: Does...

Nov 9th

“Frankfurter Allgemeine makes the point in a comment that...”
— G20 ministers agree on nothing

Nov 9th

“We are facing a critical time for defining the future of the...”
— Rick Bookstaber: I am going to...

Nov 9th

What amazes me is how a vague and intellectually bankrupt...

Nov 9th

Reagan! Reagan! Reagan!

Nov 8th

FT.com / Markets / On Wall Street -...

Nov 7th

“Clearinghouses are the wrong remedy for CDS, but that horse...”
— Yves Smith in The Fantasy of...

Nov 7th

“Productivity increased 9.5 percent in the nonfarm business...”
— ZOMFG WTF!!!!! 9.5% THIRD...

Nov 7th

“A market where everything is rising is not an efficient...”
— Felix Salmon » Blog...

Nov 7th

Michael Milken On The Five Biggest Systemic...

Nov 6th

“Now maybe I am just hopelessly out of touch, or perhaps more...”
— Yves Smith in Mirabile Dictu!...

Nov 6th

“And an indication of just how much of a hedge fund Goldman...”
— Absolute Perfection: Goldman...

Nov 6th

“Goldman lost money on just one trading day in Q3, making...”
— Absolute Perfection: Goldman...

Nov 6th

“My concern now is that it appears we haven’t learned...”
— EconomPic: Did We Learn...

Nov 6th

“I’ve previously written about Goldman’s shift...”
— AlphaNinja: Goldman’s q3...

Nov 6th

“Municipalities dealt with the separation between taxes and...”
— Philip Greenspun’s...

Nov 6th

“The priority now is not to revitalise asset markets, but to...”
— Dirk Bezemer in FT.com /...

Nov 6th

“The same reckless lending that characterized the subprime...”
— Boom2Bust.com  » Blog...

Nov 5th

“Profit and capital gains may look much the same to the...”
— Dirk Bezemer in FT.com /...

Nov 5th

“But the correct conclusion to draw is not that major...”
— Robert J. Samuelson - Robert...

Nov 5th

“In the 1980-2007 era of cheap credit and deregulation, banks...”
— Dirk Bezemer in FT.com /...

Nov 5th

“The Wall Street Journal reports today that Goldman Sachs is...”
— Floyd Norris in Worst Idea of...

Nov 5th

“People of good faith debate whether the gold standard, or...”
— Guest Post: Take the Power to...

Nov 5th

“As [Michael] Moore notes, the state of North Dakota already...”
— Guest Post: Take the Power to...

Nov 5th

azspot: The story so far, in one picture

Nov 5th

robot-heart-politics: Four graphs created by the...

Nov 4th

Wal-Mart's stingy sick-leave policy may...

Nov 4th

“This brand of economics is the conservative obsession with...”
— ginandtacos.com » Blog...

Nov 4th

“If, as happened in the USA on a vast scale, the central bank...”
— Willem Buiter, quoted by...

Nov 4th

House takes another step on healthcare reform...

Nov 4th

“Starting Sunday, cash-strapped California will dig deeper...”
— Shane Goldmacher and W.J....

Nov 4th

Did we just hit $12 Trillion?

crazynutjob: Normally I just use Treasury Direct’s Debt to the Penny. That lags by a day. The...

Nov 4th

Ford Reports Nearly $1 Billion Profit -...

Nov 3rd

Watch

recro: “Great Frontline last nite: How Wall St heist began w/ Rubin/Summers shutting down the...

Nov 2nd

CIT Files Bankruptcy; U.S. Unlikely to Recoup...

Nov 2nd