Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Jul 02 2008 12:00am EDT
Quote of the Day: Jamie Dimon
Jamie Dimon's in Aspen right now, and Charlie Rose asked him last night about the amount he paid for Bear Stearns. I love the metaphor Dimon used in response:
Buying a house and buying a house on fire are two different things.
He was even smarter, I guess, not to extend the metaphor any further: I don't think anybody would appreciate talk of extinguishing the conflagration using a firehose of liquidity.
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