Sunday, September 28, 2008

Quotation of Whenever - Financial Bailout

From's Today's Headlines:
"The situation is like that movie trailer where a guy with a deep, scary voice says, ‘In a world where credit markets are frozen, where banks refuse to lend to each other at any price, only one man, with one plan can save us.’"
JARED BERNSTEIN, of the Economic Policy Institute, on the push for a financial bailout.

The national financial crisis is very much in our faces here in the city, particularly when so many of us have family, friends and roommates working in finance, from constant top headlines in our dailies to the subtle - perhaps unintentional -foreshadowing in a scene from "Sex and the City: The Movie" where a cover of New York Magazine's "Is New York's Real Estate Bubble About to Pop?" lies atop Carrie's feature issue of Vogue. Even a friend was able to negotiate his rent down $200 when he renewed his lease this month.

I suppose old clichés are clichés for the simple fact that they never fail to repeat. What goes up must come down.
Not a quote of the day, week or month. Just of whenever. Until the next quote that moves me.

A Year Ago Today: Manhattan Real Estate
Two Years Ago Today: Burning the Late Night Oil

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