Posted on Sun, Nov. 8, 2009
"It's an all-in wager on the economic future of the United States. I love these bets."
- Warren Buffett, on his $34 billion deal to buy the Burlington Northern Santa Fe Corp. railroad
"What we're seeing is a validation of the idea that a jobless recovery is perfectly on track."
- Dan Greenhaus, chief economic strategist for investment firm Miller Tabak & Co. L.L.C., on the unemployment rate's rise to 10.2 percent
"Survival meant cutting costs as rapidly as possible and fulfilling orders with the fewest number of workers."
- economist Joel Naroff, on rising productivity and falling employment
"I don't know. We have to work that out in the next days. I think the important men that decided this don't know themselves."
- Carl-Peter Forster, departing chief executive officer of General Motors Europe, when asked what the restructuring of Opel would look like
"If a manager of a building is running out because there is a fire, I certainly want to be running right alongside him."
- David Grain, who said he lost $1 million investing in funds run by former Bear Stearns Cos. Inc. hedge fund managers on trial on charges of alleged fraud
"The same companies that were in my office that claimed they needed months at least to make changes to their systems, apparently only needed in some cases days to find ways to raise interest rates and decrease credit limits on customers across the country."
- U.S. Rep. Dan Maffei (D., N.Y.), on credit card companies
Compiled from The Inquirer, Associated Press, Bloomberg News.
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