Best quote today

As longer time readers may remember, I like to read the Wall Street Journal at night. Hey, the news was old since it hit my doorstep, so reading it at night is fine by me. In fact, I consider the WSJ the official paper of record here at the TLRB.

Well, the page one headline today is “Market Pans Bank Rescue Plan”, which we discussed yesterday in “Oh Tim“. This is where I found the quote of the day. One Ethan Harris, chief U.S. economist at Barclays Capital said

“This is the shock and ugh plan.”

I thought that was just about perfect. I suppose it was intended for dry finance types like myself, so don’t feel bad if you didn’t find it funny. It made my day though.

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February 11, 2009 - Posted by Brett | Credit Crisis | Credit Crisis, Geithner

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About

Brett Spurr has been on and around Wall Street since the age of 19, nearly half a lifetime ago. He helped make investment decisions for a $15 billion mutual fund complex. While locking horns with CEOs was fun, he now runs a personal financial planning firm helping individuals navigate their financial lives. Brett is a CERTIFIED FINANCIAL PLANNER ™ certificant and investment manager by day and a full-time geek who delights in debating all things financial or economic.

Karl Mamer is host of The Conspiracy Skeptic podcast, a 12-part look at conspiracies of today and the not too distant past. Karl is also the world’s greatest living proponent of Franglais. He also likes to bait Nigerian Bank Scammers and hosted his own podcast about teaching English in Seoul, South Korea. Karl lives in Toronto, Canada and works as a senior technical writer to pay the bills.

Julio Guardado is a former tech CEO who after surviving a tech start-up during the dot com bust decided to join the dark side and become an investment banker. While wining and dining CEO’s (we call it “locking horns”) is great, he enjoys getting inside their heads and companies even more. Julio also runs RV Investor, a web site that specializes in the recreational vehicle industry. Julio lives in Silicon Valley.

Jon Blumenfeld has been on and around Wall Street since 1989, as a trader and researcher in interest rates and their associated financial products. Most recently he was an Interest Rate Strategist at Bear Stearns and Co., where he was named to Institutional Investor Magazine’s All-America Fixed Income Research team for Interest Rate Derivatives in 2007.

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