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"When the music stops, in terms of liquidity, things will be complicated," Prince said.
"When the music stops, in terms of liquidity," he said, "things will be complicated.
Read that again: "In terms of liquidity, things will be complicated".
"When the music stops, in terms of liquidity, things will be complicated," said Charles O. Prince III, the former Citigroup chief executive, in the summer of 2007.
The odd thing, though, is that the most famous quote to emerge from the crisis so far came from Chuck Prince, the C.E.O. of Citigroup, who, in July of 2007, said to the The Financial Times: When the music stops, in terms of liquidity, things will be complicated.
JAMES SUROWIECKI, discussing Joe Nocera's long New York Times piece on Value at Risk, draws our attention to one of the great quotes of all time, from Citigroup's Chuck Prince:When the music stops, in terms of liquidity, things will be complicated.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com