Quotes of the Day...

Megan McArdle is on a roll today – two delicious zingers in a row.

First, her reaction to the news that the FBI is investigating several major Wall Street firms:

For what, I have no idea. Is stupidity a federal offense? And if so, when do they investigate congress?

The lady has a way with words!

The second Megan quote needs a little background, in the form of a quote of Joe (“The Mouth”) Biden speaking yesterday:

"Part of what being a leader does is to instill confidence is to demonstrate what he or she knows what they are talking about and to communicating to people ... this is how we can fix this," Biden said. "When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'look, here's what happened.'"

Now there are a couple of things wrong with that statement by The Mouth. First there's the minor little detail that FDR wasn't yet President at the time of the 1929 crash. Then there's the other pesky detail that commercial television was still about 10 years in the future!

Says Megan:

I certainly feel better knowing that come next November, I might have a savvy politician like Joe Biden explaining complex financial matters to me. And also, how the governor of New York managed to get his own financial show ten years before the first regularly scheduled television broadcast.

Ouch! Zing!