Nov 2, 2007

Chuck Prince on playing the game of musical chairs

When the music stops, in terms of liquidity, things will get complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing.

The depth of the pools of liquidity is so much larger than it used to be that a disruptive event now needs to be much more disruptive than it used to be.

At some point, the disruptive event will be so significant that instead of liquidity filling in, the liquidity will go the other way. I don’t think we’re at that point.

~ Chuck Prince, Citigroup CEO, "Citigroup chief stays bullish on buy-outs," Financial Times, July 9, 2007

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