Thursday, February 19, 2009

Bad Apples

Gravenstein apples with codling mothTo date, the banks have stuck their heads in the sand and demanded that they be paid the price of good apples for bad apples.

-- Lynn E. Turner, former chief accountant for the Securities and Exchange Commission, on setting a value on assets the United States might buy in its banking rescue plan, New York Times, 2 February 2009

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