Quote du Jour: Banks (& Bankers) Should Be Boring

"We do what we understand, and no one understood those [subprime loans]," [Burke & Herbert Bank president] Burke explained. "We look dull and plodding."

"Because we are dull and plodding," said his brother, C.S. Taylor Burke III, senior executive vice president.

        — "As Larger Banks Crumble, Local Firms See Rush", Washington Post 10/11/08

Related posts:

  1. Quote du Jour: Canada is Not China
  2. Subprime Quote du Jour
  3. As friends, investment bankers make better enemies
  4. Quote du Jour: TV and the Comedic Housing Collapse
  5. Quote du Jour (2): Disgrace and Leverage