Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Sunday, March 8, 2009

On the Credit Mess

"The whole evolution of the credit markets resulted in all sorts of complex financial instruments that are difficult to unwind. It's like trying to unscramble scrambled eggs. It just can't be done that easily. I don't know if it can be done at all."

- Mark Vitner

"No shit, Sherlock."

- Jess Johnson