nucchi » poker http://www.nucchi.net moments in bitching Thu, 09 Sep 2010 18:53:09 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 the wallstreet meltdown explained http://www.nucchi.net/2008/10/21/the-wallstreet-meltdown-explained/ http://www.nucchi.net/2008/10/21/the-wallstreet-meltdown-explained/#comments Wed, 22 Oct 2008 02:57:18 +0000 knucchi http://idefineme.wordpress.com/?p=233 I was watching Bill Maher on HBO last night and he quoted a former Federal Reserve chairmain 

as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.

Wow… thats a scary analogy, but really puts it into perspective. 

[youtube=http://www.youtube.com/watch?v=iL6YS-8rBnE&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&fs=1]

Here’s the complete quote Maher exerpted.

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