morbius glass quote of the month (April 2008) – The Wolfe, Pulp Fiction

Morbius glass quote of the month will showcase some funny, some serious, but all relevant quotes that somewhat sum up our turbulent world (in one sentence).

These quotes can come from movies, politics and history.  This month’s quote is from The Wolfe played by Harvey Keitel in Quentin Tarantino’s Pulp Fiction.

In light of the turmoil in the worlds financial markets, the deceptive banking con guys, poor journalism and the confusion abut the severity of a credit crisis globally. A confusion from the lack of understanding (or willing to understand) starts with: 1. The banks are lying about their balance sheets 2. They haven’t disclosed all depreciating assets, in other words not all toxic waste has been written down. 3. The banks are fiddling with the interbank, or Libor, Euribor rates.  Those rates (banks lend to each other) should be higher.

So when you hear some over exuberant financial reporter saying the worst of the banking crisis is behind us, and the goes on to say how the Dow jumps at good earnings (only to collapse most of it’s rise the next day in a volatile market).    I always think of this scene from Pulp Fiction and that great quote…”let’s not start sucking each others…”.