Saturday, October 25, 2008

News quiz

Who wrote...?

Business, financial institutions, and investors throughout the economy rely upon derivatives to protect themselves from market volatility triggered by unexpected economic events. This ability to manage risks makes the economy more resilient and its importance cannot be underestimated.

Was it....

a) Ken Lay, ex-Ceo of Enron
b) Dick Fuld, ex-Ceo of Lehman Brothers
c) Alan Greenspan, former Fed chief
d) Lex Luthor channeling Ayn Rand

The answer is "C". Mother Jones has the full story. Warning: objectivists may object.

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