Jul 7, 2008

Satyajit Das on unwinding the credit bubble

We've had a party for 15 years, and the house is a mess. You can't clean it up in 10 minutes once you discover your parents are coming home. You're screwed, and you have to face up to the fact that you're screwed.

~ Satyajit Das, financial derivatives expert, "Bad times for good companies," MarketWatch.com, July 7, 2008, by Jon Markman

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