Thursday, September 25, 2008

The Scurvy Little Spiders Come Out to Play

Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicky and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.
- It's a Wonderful Life George Bailey tries to stop the panic during the run on the bank.

You sit around here and you spin your little webs and you think the whole world revolves around you and your money. Well, it doesn't, Mr. Potter! In the... in the whole vast configuration of things, I'd say you were nothing but a scurvy little spider.
- George Bailey after Potter offers him a job.

Life imitates film:

WaPo: Fresh Signs of Recovery Or Just Opportunism?

In the past week, Warren E. Buffett put up nearly $10 billion to acquire Constellation Energy Group and a stake in Goldman Sachs. Japan's largest bank company has agreed to invest billions of dollars in Morgan Stanley. Private-equity firms, meanwhile, are lining up funds so they can pounce on assets that are priced to move quickly.

They're playing us all for suckers.

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