If I had spent the entire year scouring for business quotes to fit this title I probably wouldn’t find as perfect a selection as the ten offered up by Business Week in the Worst Predictions About 2008.
Here are my favorites, which do you like?
The Bad
“I’m not an economist, but I do believe that we’re growing.” —President George W. Bush, July 15, 2008 Nope. GDP shrank at a 0.5% annual rate in the July-September quarter. On Dec. 1, the National Bureau of Economic Research declared that a recession had begun in December 2007. (I thought that’s why presidents have advisers, so …read more

What a difference a day—or in this case a couple of years—makes.Here are quotes by and about four of the leaders whose vision helped lead us to our present situation. These are the same guys lauded by universities, the media, leadership pundits and themselves just short time ago.
“Bad behavior is aberrational…never is a big word…the chances of [the company] getting into trouble again are virtually nil.”– Chuck Prince Citigroup Dec. 16, 2005 at the annual Citigroup Investor Day,
“We’re sticking with [Angelo] Mozilo because he has built a top-notch organization with strong risk controls that could emerge even stronger from the …read more

Yesterday I asked, “What else does Wall Street and the financial industry do besides cripple corporate strategic efforts?”
They fight for self-regulation, assuring watchdog agencies and Congress that they are good guys that should be trusted to do the best thing and that the economy will tank if any kind of control or regulation is enacted—and they win.
They win based on the money spent to focus the efforts of well-connected lobbyists on stopping cold, or at least significantly watering down, any legislation or rules that might offer protection to us—the people who keep them all in BMWs and champagne.
Wall Street and …read more