Quote du Jour: Drugs and Banks

The British government plans to provide insurance for new asset-backed securities. That is like helping a junkie to detox by guaranteeing drug supplies until the local dealer resumes normal service.
  — Source: John Kay (in FT)

Related posts:

  1. Quote du Jour: Banks (& Bankers) Should Be Boring
  2. Quote du Jour: PBGC’s Circular Insurance Stategy
  3. Quote du Jour: Taleb Again
  4. Quote du Jour: Vonnegut
  5. Quote du Jour: John Snow

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