“The important thing is to bail out the system, not the people who got us into this mess. That means cleaning out the shareholders in failed institutions, making bondholders take a haircut, and canceling the stock options of executives who got rich playing heads I win, tails you lose.”
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- [U.S. banks face] challenging market conditions…[the collapse of the housing market has led to] a substantial deterioration in asset quality and earnings… [State banks also face] deteriorating credit conditions [this year].
- expert networks, the CFA Institute
- Hayman Advisors - October
- China
- civilization after creation
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