The LIBOR / LieBOR / LieMore (July 23, 2012)
. . .
C1 “Scandal in the financial and banking arenas has become so common place that it is now more akin to daily car crashes rather than to the occasional and always well-publicized plane crash. Who cares any longer.”
C2 “We as a society have become so inured to scandal that scandal is now the norm.”
C1 “No one at the top in economics or politics or law is not corrupt.”
C2 “And derivatives are now estimated to increase about a gazillion dollars a day.”
C1 “Be patient. Give it a little more time. You won’t be disappointed. Rome did not collapse in a day, but we may be able to set a new Olympic record.”
. . .
Bumper stickers of the week:
Another day, another gazillion in derivatives.
“A gazillion in derivatives here, a gazillion in derivatives there, and pretty soon you’re talking real economic devastation.”