Sunday, March 30, 2008

SubPrime

From the New York Times magazine interview with Paul O'Neill:

Q: Its so hard to understand how the subprime mortgage crisis has triggered a financial crisis of global proportions.

A: If you have 10 bottles of water, and one bottle had poison in it, and you didn't know which one, you probably wouldn't drink out of any of the 10 bottles; thats basically what we've got there.

What a great analogy!

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