Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Sunday, January 11, 2009

Hit doan make no sense

...that analytic prism [that "free markets" are self-regulating] can seriously blur one’s vision. It simply cannot accommodate the fact that our entire 21st-century banking sector, managed as it is by graduates of the nation’s top business schools, supported by highly trained financial engineers, and monitored around the clock by thousands of allegedly bright financial analysts, immolated itself with highly toxic assets, purchased with borrowed money, and in the process infected the entire world economy.

--- Uwe E. Reinhardt, New York Times, 1.9.09

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