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Notable and Quotable

Posted on February 13, 2009 by Kendall Harmon

It’s taken so long to get all this stuff on the balance sheets of these banks, it’s going to take a long time to get it off.

—Anthony Conroy, head equity trader for BNY ConvergEx in a CBS Marketwatch article today

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Posted in * Economics, Politics, Economy, The 2009 Obama Administration Bank Bailout Plan, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

2 comments on “Notable and Quotable”

  1. Irenaeus says:
    February 14, 2009 at 4:51 am

    [i] It’s taken so long to get all this stuff on the balance sheets of these banks [/i]

    No, it didn’t. You can wreck a bank in less than a year.

  2. Harvey says:
    February 15, 2009 at 4:38 am

    Didn’t some of the banks now in trouble came into existence during this low interest cash fiasco just to get some of that low interest cash? If so, then shouldn’t they be liquidated and forced to close? You can lose your shirt in a free market as well as get a lot of financial gain!!