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What the world's big guns say about the meltdown
October 17, 2008
America is a different world, where all kinds of people can get credit they shouldn't be getting. We Germans are different: Micky Gliese, German citizen
A bubble has burst, and that is never a pleasant experience in any market. We need only look back to the market rout of dotcoms at the start of this century: Angela Knight, chair, British Bankers Association
Any company that is built around the need to add debt is in trouble. The process of deleveraging is industry agnostic. If I had the time, I would be researching every company that needs renewable and expandable debt to survive and would short the sh*t out of it: Mark Cuban, owner, Dallas Mavericks and founder, HDNet.
Extraordinary times call for the bold and far-reaching solutions. Our stability and restructuring programme is comprehensive, it is specific and it breaks new ground. This is not a time for conventional thinking or outdated dogma but for the fresh and innovative intervention that gets to the heart of the problem: Gordon Brown, British Prime Minister
The current difficulties will not end tomorrow and even as confidence is restored, recovery will be slow: Clay Lowery, US assistant treasury secretary
Image: President of HDNet Mark Cuban. | Photograph: Frederick M. Brown/Getty Images
Also read: Wall Street bailout: Now, the lawsuits!
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