Quote of the Year

The winning entry comes from Jacob Frenkel, top economist for money pit insurer AIG. Speaking at Davos earlier this year about the economy, he proclaimed economic prospects for the second half of 2008 quite good, adding: “When you’re in a stormy sea, the critical question is to ask how strong is my vessel .”

Pity Frenkel didn’t think to run that same analysis on AIG.  


Leave a Reply

You must be logged in to post a comment.