Posted on February 18, 2008 in Quotes

“I sincerely believe that [tag]banking establishments[/tag] are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

– [tag]Thomas Jefferson[/tag]

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See also: [tag]Credit Default[/tag] Swaps and Financial WMDs, Subprime to Prime, the Whole Credit Structure has been Hit, McNomics, The Subprime Mortgage situation explained, Morgan Stanley chief takes just 800K for 2007, Deets Emerge on the Bear Subprime Criminal Probe.