Jul
31st
Thu
31st
Didn’t we all expect at least modest competence from
most of our financial companies? I always thought
it was the Bear Stearns of the world who knew what
was going on, and that when the music stopped, the
financial junk would be safely (from our point of
view) in the hands of, say, Taiwanese banks.
most of our financial companies? I always thought
it was the Bear Stearns of the world who knew what
was going on, and that when the music stopped, the
financial junk would be safely (from our point of
view) in the hands of, say, Taiwanese banks.
— From GMO http://tinyurl.com/58xx3a
