"When they win they walk off with the profits*, when they lose the taxpayer pays.  We really need to go more directly at these issues like incentives."

Joseph Stiglitz, Nobel laureate economist. (* Note Mr. Stiglitz assumes that reported profits are real.  In the subprime case no profits were actually realized until the Federal government intervened with taxpayer funds.)

Alliance For Economic Stability

Home Quotes Paul Achleitner, Chief Financial Officer. Allianz Group. At World Economic Forum in Davos 2010. January 28, 2010

“For 20 years we have used performance-enhancing drugs.  The economy has had a heart attack. Once we get out of the hospital, which we haven’t yet, we will have to learn to do without. That means slower growth.”

Paul Achleitner, Chief Financial Officer. Allianz Group. At World Economic Forum in Davos 2010. January 28, 2010
 

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