Financial Meltdown Quote of the Day


I try to use these quotes as a way to add a little politics to the site without writing political posts. So now should be the time for presidential candidate quotes. But events overtake, and I really like the way this is phrased. It’s not really a quote, more like a subordinate clause:

…Wall Street’s blind faith in its own ability to transubstantiate subprime mortgages into AAA-rated, investment-grade paper…

Now that’s an image to hold onto. (Billmon)

And here’s an image for your patience:

It’s a closeup of an Opuntia subulata c.v. monstrose. A wonderful example of how a small virus can take a giant tree cholla and turn it into a densely packed apartment-block of branches no taller than 3ft.


    
    
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