Satyajit Das: Credit crisis "still in the middle of the national anthem"

Recently, Michael Panzner interviewed Satyajit Das, a gentleman with 30 years experience in developing and marketing derivatives who has written a 4,200-page reference work on these exotic instruments. Here, Panzner asks Das about the recent credit crisis and where we are in the process of things getting "back to normal:"

"I started by asking the Calcutta-born Australian whether the credit crisis was in what Americans would call the 'third inning'. This is pretty amusing, it seemed, judging from the laughter. So I tried again. 'Second inning?' More laughter. 'First?'

Still too optimistic. Das, who knows as much about global money flows as anyone in the world, stopped chuckling long enough to suggest that we're actually still in the middle of the national anthem before the game destined to go into extra innings."

~ Doug Wakefield, President, Best Minds Inc., "TV Reruns or Real Manias," October 8, 2007