[alicia]
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    quote This is a once-in-a-half-century, probably once-in-a-century type of event. I think the argument has got to be that there are certain types of institutions which are so fundamental to the functioning of the movement of savings into real investment in an economy that on very rare occasions — and this is one of them — it’s desirable to prevent them from liquidating in a sharply disruptive manner.

    Alan Greenspan in the New York Times

    (via christmasgorilla)
    Sep 15 '08 @ 9:39 am
    [ 3 notes ]



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