Financial Quote of the day

"...outwardly and according to its balance sheer, the [Knickerbocker] Trust Company was flourishing..." Herbert SatterleeFrom the Panic of 1907: Lessons Learned from the Market's Perfect Storm by Robert F. Bruner (yes from Darden) and Sean Carr (also from Virginia)Interestingly, this was the "panic" that resulted in a Fed. From Wikipedia:"The resulting Panic of 1907 exacerbated an ongoing