Notable quotable

Financial shock and awe 1

"Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient."

-- former Chairman of the Federal Reserve Alan Greenspan, in 2004

Grist food editor Tom Philpott farms and cooks at Maverick Farms, a sustainable-agriculture nonprofit and small farm in the Blue Ridge Mountains of North Carolina. Follow my Twitter feed; contact me at tphilpott[at]grist[dot]org.

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  1. archigeek Posted 11:21 pm
    09 Oct 2008

    lolOh, that Greenspan. He's a cut-up, ain't he? Please, Tigger, you and others in positions who could have had an impact on zealous and corrupt traders ignored the warnings of economists and other financial experts that the system was in danger of melting down. Yeeesh!

    The mellotron is your friend.

    Permalink

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