"Heck no they're not saving, because their net worth is growing. If your net worth is growing, in financial assets and other assets, you can spend more than your annual income!"
- Michael Perry, disgraced and soon-to-be-arrested former CEO of liar's loan king IndyMac, October 2007
(hat-tip to BTC - everyone check out his report from the infamous speech where Perry gave the world these words of wisdom)
July 16, 2008
Posted by blogger at 7/16/2008