sharon sanders
Editor-in-Chief & President
snip
Mr. Samuelson remained intensely interested in what was happening in the economy through this year, holding forth on the worst economic crisis since the one that marked the start of his career in the 1930s.
"I thought from the beginning this was going to be very serious because it was people like me?people at MIT and Chicago?who created all these wonderful derivatives," he said. "The way they were formulated by financial engineers, they were not understood by any CEO. They didn't even know who they were in the bathtub with."
http://online.wsj.com/article/SB126072304261489561.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForth
Mr. Samuelson remained intensely interested in what was happening in the economy through this year, holding forth on the worst economic crisis since the one that marked the start of his career in the 1930s.
"I thought from the beginning this was going to be very serious because it was people like me?people at MIT and Chicago?who created all these wonderful derivatives," he said. "The way they were formulated by financial engineers, they were not understood by any CEO. They didn't even know who they were in the bathtub with."
http://online.wsj.com/article/SB126072304261489561.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForth