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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Oct. 15, 2008

Stabilization of the financial markets is a critical first step, but even if they stabilize as we hope they will, broader economic recovery will not happen right away."
Fed Chairman Ben S. Bernanke, Oct. 15

By Editor  |  October 15, 2008; 4:18 PM ET
Categories:  Quotables  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: The Dow's Scariest Hour: The Last One
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Posted by: Beau James | October 16, 2008 8:49 AM | Report abuse

Oil down to $60.00? Where's the bottom? If it's good at 60, you are going to love it at 40. Love at 20,000 feet over the ocean and climbing. Get it down and get it up.

Posted by: Beau James | October 16, 2008 9:45 AM | Report abuse

"Why there's been such a political focus on making sure we're not unduly helping borrowers but then we're providing all this massive assistance at the institutional level, I don't understand it," [Bair] said. "It's been a frustration for me." That's quotable.

Winners and losers, products and services. You can't reward poor service and low quality products and expect things to get better. Things will only get worse while costing more to get worse. For better or worse we are married to capitalism. Dumping money into a dump isn't good for national security. Quality pays for itself and produces more quality. Try printing a low quality newspaper and see how far you get. You won't last. Quality lasts forever. AIG just had a big $85,000 hunt in England. Big game hunters and we're all supposed to go out shooting for some food. The Jed Clampett economy. What fraud.

Posted by: Beau James | October 16, 2008 10:08 AM | Report abuse

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