16 October 2007

And Winner Is...

Quote of the Year...

From the The New York Times:

Big U.S. Banks Try to Restore Confidence in Credit Markets



"The plan calls for the banks to create a new financing vehicle to try to restore confidence and reduce the risk of a market meltdown by propping up an important part of the debt markets. But the banks hope to take minimal risk and avoid actually investing any of their own money."

...
who would have thought?

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