Bruce Wasserstein on Credit

By Paul Kedrosky · August 26, 2007 · ·

The best recent comment on credit markets I have seen comes from banker “bid ‘em up” Bruce Wasserstein:

[Some investors] thought they had outsmarted the market and added leverage to make it interesting. But as my chief financial officer says, risk is sometimes risky.

Spot on.

[via BusinessWeek]

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