Larry Summers by way of Bob Hoye:
"The central irony of a financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending, it is only resolved by borrowing and lending and spending." --Financial Times, June 13
Utter stupidity from a person of power, influence and wealth (gathered disseminating this type of crazy talk). But then again, going opposite Larry has kept me in very fine position every step of the way out of Armageddon '08.
