“Most people use the assumption senior unsecured bonds are going to recover 40 percent. I don’t think you’re going to see that.”
He’s progressing very well. He was already a pretty tough guy, but now he can choke out people who don’t listen to him on the set
Adam Treanor, a Culver City police officer on David Mamet
the spirit of commerce has a tendency to soften the manners of men, and to extinguish those inflammable humors which have so often kindled into wars
—Alexander Hamilton, Federalist Papers
]
Don’t look now, but the good times may have just stopped rolling.
Krugman
Combination with a data-provider?
As soon as a newspaper is unbundled, an intricate and, until now, largely invisible system of subsidization quickly unravels.
Nick Carr
What is the compelling urgency of the machine that it can so intrude itself into the very stuff out of which man builds his world?
Weizenbaum
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The number of employees in the securities industry won’t change “dramatically,” Callan said, although an increasing number may be located in developing countries.
—Erin Callan, CFO of Lehman
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