Quotes from the "great minds" that run our country..
Quotes from our "leaders" in the months leading up to our financial crisis....
"The problems in the subprime market seems likely to be contained."— Ben Bernanke, Federal Reserve chairman, March 28, 2007
"The fundamentals of our economy are strong."— Sen. John McCain, former Republican presidential candidate, Sept. 15, 2008
"We don't see any pressure on our liquidity, let alone a liquidity crisis."Alan Schwartz, former CEO of Bear Stearns, March 12, 2008.
"We have more capital than we need, so we can say to the market that we don't need more injections. We can confirm that we have tackled the problem."— John Thain, former CEO, Merrill Lynch, March 16, 2008
"I don't think the government ought to be involved in bailing out companies."— President George W. Bush, July 15, 2008
"The problems in the subprime market seems likely to be contained."— Ben Bernanke, Federal Reserve chairman, March 28, 2007
"The fundamentals of our economy are strong."— Sen. John McCain, former Republican presidential candidate, Sept. 15, 2008
"We don't see any pressure on our liquidity, let alone a liquidity crisis."Alan Schwartz, former CEO of Bear Stearns, March 12, 2008.
"We have more capital than we need, so we can say to the market that we don't need more injections. We can confirm that we have tackled the problem."— John Thain, former CEO, Merrill Lynch, March 16, 2008
"I don't think the government ought to be involved in bailing out companies."— President George W. Bush, July 15, 2008
posted by Big Rick at 4:12 PM
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