“…The old rules of regulation just literally don’t work anymore. Because now we’re under this giant shadow of implicit and explicit government guarantees … we said in effect … we will throw as many taxpayers as we need to throw under the bus to keep your business functionally operational in the way that it was functionally operational before without a cost to you personally, and to your shareholders personally. That’s a whole new world.” – Elizabeth Warren, professor at Harvard Law School and chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP)
Monthly Archives: November 2009
Q. Paul, what is a good reason for pounding meat? A. Paul Lynde: Loneliness! Q. Do female frogs croak? A. Paul Lynde: If you hold their little heads under water long enough. Q. If you’re going to make a parachute jump, at least how high should you be? A. Charley Weaver: Three days of steady […]
