Wednesday, January 30, 2008

I told you so...

“I’m glad that this time we did not cause it.”

Guillermo Ortiz, governor of the Mexican Central Bank,
(recalling the last financial cris set off by Mexican defaults and devaluations.)


“What you see is what you get. If you don’t see it, it will get you.”

Jacob Frenkel, vice chairman of AIG,
(on the current credit crisis and urging a reform of rules that allow banks to keep assets off their balance sheets.)

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