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Quotations on credit crunch |
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Throughout the economic slide we have seen numerous changes. We have also heard many quotations in regards to the credit crunch. There is always someone that has something to say, whether it be good or bad. In my searching around I have found some that are quite comical and others that will ring quite true. When you're in a pit, the first thing to do is to stop digging. - James Ellman, Seacliffe Capital How much more truth can be said than that. He put it all in a nutshell that's for sure and many people will definitely be able to relate to this comment. Another quotation on the credit crunch; "This is worse than a divorce. I've lost half my net worth and I still have a wife." A trader grimly assesses the ruins of his portfolio one day in September. We can assume by this statement that he has had some far better days of trading prior to the crunch. "How do you define optimism? A banker who irons 5 shirts on a Sunday." This was a funny one that I found with no mention of who said it. But it does ring so true. To be a
banker and have a job all 5 days in a week would be a great thing in many eyes right now. "I had a cheque returned earlier. "Insufficient Funds" Mine or the banks?" Pyers Symon, Worcester These words ring so true at a time when the banks are no more secure than the people that are using them. "Masked man holding a bank cashier up with a gun. Says: 'I don't want any money - I just want you to start lending to each other..." David, Cambridge, UK "It's almost like seeing a guy show up at the soup kitchen in high hat and tuxedo. It kind of makes you a little bit suspicious." Congressman Republican Gary Ackerman after the heads of Ford, Chrysler and General Motors went to Washington to ask for $25bn in loans - but made the fatal tactical error of arriving in their private jets. Who would expect anything but that from people that have been reckless with money for several generations. There are so many quotations regarding the credit crunch that the list could be a mile long but I found a few that added a bit of humour to a grim situation. We are all so gloomy and full of despair due to the tough times around us all. A little bit of fun can go a long way to help be feel a bit better even if it is only for a short period of time. Credit Crunch
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