QUOTE OF THE DAY: Haw Haw Banking

From the transcripts of the Federal Open Market Committee:

MR. FISHER: The situation remains real, but we've gone beyond suspended reality. If you will forgive me, you might say we have gone  from the ridiculous to the subprime.
MR. LACKER: Let the transcript say "groan." [Laughter]

(h/t Indecision Forever)