"A generation grew up that has been very well trained in this new finance theory, very well educated to apply it on a broad scale with the necessary computing power, and off we went," Mayer said.
Recent events, he said, have shown that the basic assumptions that have held sway for a generation or two no longer hold. "This will leave us with a different paradigm," he added. "If I could give it to you, I'd win the Nobel Prize."
http://www.iht.com/articles/2008/09/19/business/crisis.php?page=2
http://seekingalpha.com/article/96519-what-700-billion-could-buy
"And I'm furious when I see the pictures of Americans who thought they were on the sunny side of life and now have lost their homes and have to live in their cars," Evers said. "I definitely do not feel sorry for the bankers who lost their jobs in the last couple of days. I can't believe that a country like the U.S.A. could have been so careless on a money issue!"
"I was taught that the U.S.A. is the motherland of moneymaking," she added. "And now all I can see is a herd of headless chickens running around on Wall Street." http://www.latimes.com/business/la-fi-euromood20-2008sep20,0,7535469.story
