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Stuffing the mattress, hopes for a recovery

"I'm worried about the overreaction - people selling every bank short and pulling out all their deposits and hiding their money in the mattress." - Banking industry lobbyist Scott Talbott, on results of bank "stress-tests"

Lawrence Summers, director of the U.S. National Economic Council, appears to nod off during a meeting with President Obama and credit-card executives. Or maybe he was thoughtfully weighing his words at the meeting on Thursday.
Lawrence Summers, director of the U.S. National Economic Council, appears to nod off during a meeting with President Obama and credit-card executives. Or maybe he was thoughtfully weighing his words at the meeting on Thursday.Read moreCHIP SOMODEVILLE / Bloomberg News
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"I'm worried about the overreaction - people selling every bank short and pulling out all their deposits and hiding their money in the mattress." - Banking industry lobbyist Scott Talbott, on results
of bank "stress-tests"

"My hope is that it's not a liquidation, but what they call a debtor-in-possession, sort of Chapter 11 filing, which would allow for the reorganization of these companies." - U.S. Senate Banking Committee chairman
Chris Dodd, on Chrysler

"We're comfortable we'll get through this year." - Ford's chief financial officer Lewis Booth

"There'll be a recovery in the second half, but it'll be weaker than average." - John Silvia, chief economist at Wachovia

"When my wife started crying yesterday, I felt like my insides were ripped out." - John Clancy, on news that the Montgomery County homebuilder holding his $5,000 down payment had suspended operations

"We are living through history, and I don't mean that in a positive sense." - General Electric's CEO
Jeff Immelt, on the economic downturn

"We're starting to see a little light at the end of the tunnel. The challenge is I don't know how long the tunnel is." - Frank Ingarra, co-portfolio manager at Hennessy Funds

"We had to reset our expectations for economic conditions for 2009." - DuPont CEO
Ellen Kullman,
on the company's
reduced earnings outlook

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