From Facebook to Quants -- The Top Quotes of the Week

It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
May 25, 2012


7. When Greece Does Fall

In the event of an exit, they (Greece) will default. And the loss given default will probably be very high, high enough to eliminate the ECB’s capital. They might need recapitalization from governments, who are not exactly in the best position to provide additional capital.

— Andrew Bosomworth, senior portfolio manager at Pimco.

Source: EuroNews

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