In Case You Need More Financial Humor

January 3rd, 2009 by alyx · 3 Comments · links

paulson-foot-in-mouth

In their Economix blog, the NYT was kind enough to put together a list – including us! – of some of their favorite financial comedy on the Web. Check out Businessweek’s Worst Predictions of 2008, the New Yorker’s best business cartoons, and Fortune’s 21 Dumbest Moments In Business for the year, which includes this gem:

As shares of Fannie Mae and Freddie Mac plunge in mid-July on worries about their viability, Treasury Secretary Henry Paulson assures Congress that merely promising to give the beleaguered mortgage lenders access to Treasury funding would calm market fears – at no cost to Uncle Sam.

“If you’ve got a squirt gun in your pocket, you may have to take it out,” Paulson tells legislators. “If you’ve got a bazooka and people know you’ve got it, you may not have to take it out.”

Number of times a lender said “Hank, is that a bazooka in your pocket, or are you just happy to see us?” and didn’t ask for cash… yeah,  exactly zero.

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