“Janet Yellen would not know financial risk even if Satan himself showed up on her doorstep offering to sell private subprime asset-backed securities for a yield of Treasurys plus 2%.”
David Merkel, the Aleph blog.
QUOTE OF THE DAY
“Janet Yellen would not know financial risk even if Satan himself showed up on her doorstep offering to sell private subprime asset-backed securities for a yield of Treasurys plus 2%.”
David Merkel, the Aleph blog.
Not only is this true, but it appears that our quotidian world has finally begun to ‘get it’!