As Idiotic As Optimism Can

The Sports World Is An Echo Chamber. All It Takes Is One Quote From A General Manager And A Thousand Sports Columns Bloom.

They [some Countries] Borrowed Money To Go Acquire Things, Indian Power Plants And Danish Newspapers And British Soccer Teams. And They Did It Willy-nilly, And They Themselves A Story, That Icelandic History And Culture And Dna Leaves Us Very Well-suited To Being Investment Bankers.

The Cdo Was, In Effect, A Credit Laundering Service For The Residents Of Lower Middle Class America. For Wall Street It Was A Machine That Turned Lead Into Gold.

You Could Argue The Banks Are Much Better Capitalised Than They Were Going Into The Crisis, And Everyone's In A Much More Vigilant State Because They Still Remember The Crisis.

The Germans Made Just About Every Bad Investment You Could Have Made In The Last 10 Years. They Invested In Icelandic Banks. They Invested In Greek Government Bonds. They Were Heavy Into Irish Banks, Big Into Irish Banks, And They Bought U.s. Subprime Mortgage Bonds.