Monday, March 17, 2008

"Stupidity Got Us Into This Mess and Stupidity Will Get Us Out!"

-Homer J. Simpson
Quoted in The Wisdom of Homer

Who Are Those Guys?
-Butch Cassidy
Butch Cassidy and the Sundance Kid

From (Australia):
Sub-prime collapse 'beyond the US Federal Reserve'

  • US Federal Reserve 'lacking funds to help crisis'
  • Losses yet to come 'easily exceed remaining $400bn'
  • Not going to be able to deal with situation on own


From Infectious Greed:
Fed Declares Itself Counterparty to U.S. Financial System

From the WSJ's Real Time Economics blog:
Should the Fed Save Wall Street Firms?

And from the Journal comes the most accurately pathetic headline I've seen in a while:
Carlyle Capital To Liquidate What Is Left