Dec 6, 2007

Chip Mason on credit markets

(Chip Mason, chief executive and founder of Legg Mason, one of the world's biggest money managers, said yesterday that the credit markets are in the worst state he has seen in his 47 years in the business.)

It is a very unusual situation. I have not seen anything like this, where nothing is traded.

~Chip Mason, CEO, Legg Mason, Financial Times, December 5, 2007

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