"The Fed closed us down. We had no choice. If we went into bankruptcy, we'd have taken 30 or 40 other firms, all hedge funds that borrow from us, down too. They needed people to think the worst was over."
"You know, I guess the best way to describe government policy is like a person trying to drive a car in a rough patch. If you ever get stuck in a situation like that, you know full well it’s important not to overcorrect, because when you overcorrect you end up in the ditch.” - George Bush
"In the CNN/Opinion Research Corporation poll conducted last weekend, 71 percent said they think U.S. spending in Iraq is a reason for the nation's poor economy. ... Sixty-one percent of those polled said the next president should remove most U.S. troops from Iraq "within a few months of taking office."
"Soldiers spoke of free-fire zones, the shootings and beatings of innocent civilians, racism at the highest levels of the military, sexual harassment and assault within the military, and the torturing of prisoners."
A Horrifying Prospect
What does the sudden "retirement" of Admiral Fallon mean?