You can't just say "we told you so" and turn your back. The Fed is the fireman of our economy, and there's a fire and they're gonna put it out. That's their job. Their job is not to sit around and scold people for making bad loans [and] for other people for buying those bad loans. The Fed's job is to put out the fire.
~ Peter Yastrow, market strategist, MF Global Ltd., August 9, 2007, as appeared on CNBC
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