September 29, 2008

Quote of the day

"Today, if we are prepared, we could buy some of those falling banks in the United States, no problem, it's possible. Don't ignore them (the poor) ... we lend over a billion dollars a year....We have to get out of the mindset that the rich will do the business and the poor will have the charity."

- Dr. Muhammad Yunus at former U.S. President Bill Clinton's philanthropic summit, the Clinton Global Initiative.
Reuters: Unlike Wall Street, which is reeling from a flood of loans that may never be paid back, Grameen bank has a recovery rate of more than 98 percent.


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