Don’t mess with the big dogs

“I used to think if there was reincarnation, I wanted to come back as the President or the Pope or a .400 baseball hitter, but now I want to come back as the bond market. You can intimidate everybody.” — James Carville, advisor to Clinton

The quote is from a Naked Capitalism post titled, Paulson playing chicken with markets: Guess who will win?. It’s about how Treasury Secretary Paulson thought he could bluff the bond markets during the ongoing credit crisis.

From the comments

I have great sympathy for Obama, who will be entering into an office stuffed wall to wall with financial C4.