Best Subprime Quote du Jour

Best subprime quote of the day goes to John Mauldin. He is paraphrasing Jim Grant, and Grant has been saying this for some time, but it still counts:

The subprime problem, we were told, would not spread to other markets. It would be “contained.” And it has, according to Jim Grant. He quipped last week that it has been contained on planet Earth.

Related posts:

  1. Subprime Quote du Jour: Balance Sheet Metaphysics
  2. Geekdad-ing on the Making of Planet Earth
  3. The Hitchhiker’s Guide to Subprime
  4. Subprime Ate My Homework
  5. Morgan to Merrill: Subprime Losses? Me Too :-) !