The Editors’ Quote of the Day:
“As I will explain, the crash of 1987 was largely a trading event, not a fundamental or economic one. I don’t mean to sound overly boastful, and I certainly do not pretend to be the foremost expert on the crash of 1987, but I do think my vantage point was quite unique for this momentous event in history. Some might say you could blame the whole crash on Dan Rostenkowski. Okay, before you get all worked up, I don’t really blame the crash on Rostenkowski, who chaired the House Ways and Means Committee at the time and had spent many …