Quotes of the Day

iceland bankruptcy
Monday, Oct. 13, 2008

Open quoteNo Western country has crashed in peacetime as quickly and as badly.Close quote

  • JON DANIELSSON,
  • an associate professor of finance at the London School of Economics, after Iceland requested help from the Kremlin to avoid national bankruptcy, becoming the first country to succumb to the global financial meltdown
Photo: Leon Neal / AFP / Getty | Source: USATODAY