Thursday, February 18, 2010

Lloyd keeps things in perspective

Another memorable quote from "Too Big To Fail" (start of Ch. 15)...

It's 8:00am on Sunday, Sept 14, the day before Lehman files for bankruptcy. Goldman CEO Lloyd Blankfein is arriving at the NY Fed with his chief of staff Russell Horowitz for a second marathon day of talks aimed at finding a way out of the crisis:

"I don't think I can take another day of this," Horowitz said wearily.

Blankfein laughed. "You're getting out of a Mercedes to go to the New York Federal Reserve--you're not getting out of a Higgins boat on Omaha Beach! Keep things in perspective."

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