Monday, October 06, 2008

"This is Our Katrina"

“It really is a financial tsunami, and it could go either way,” said the multimillionaire telecommunications mogul who ran for the U.S. Senate in 2006. “It took Japan 20 years to recover from their buying binge. How long does it take us to work through excessive leverage? That could take years not months. This is our Katrina.” - Ned Lamont

The self importance of these jerks is unbelievable. Financial Crisis != Katrina. Financial Crisis != Tsunami. Gamblers who lose != Victims. Entire Story.