Isn't the truest statment about this "Crisis"....
That 5% isn't enough return on risking money to anyone.... in this environment....
and that till we get to 12% it's just not reasonable.....
I know you are an idiot... so if I hand you money.... I'm not giving it up till I get some return on it.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, February 28, 2008
risk repricing
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