- Roland Hirschmueller, an equities trader at German brokerage Baader, after the sale of Bear Stearns for roughly 1% of what the investment bank was worth just 16 days ago.
Monday, March 17, 2008
"It is really—and I don't want to use the broadly quoted word 'panic' here—but it is an absolute confidence crisis and a liquidity crisis. Nobody trusts anyone anymore. It is not a nice situation."
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