Tuesday, September 30, 2008

Great moments in human stupidity

Every now and again a quote so awesome enters the world that, whether real or apocryphal, it goes down in history. For example:

"Everything that can be invented has been invented" --

Charles Duell in 1899 explaining why he should be out of a job as Patent Commissioner

"Governments don't go Bankrupt" --

Citicorp chair Walter Wriston showing the brainpower that led to the 1982 Latin American debt crisis

And now, direct from the current financial meltdown KPC is proud to present J.J. Cassano, the man who brought down AIG (circa summer of 2007):

“It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions.”

A few hundred billion maybe, but one? No way!