Auctions Quote by Seth Klarman
“A tipping point is invisible, as we just saw in Greece. In most situations, everything appears fine until it's not fine, until, for example, no one shows up at a Treasury auction.”
“A tipping point is invisible, as we just saw in Greece. In most situations, everything appears fine until it's not fine, until, for example, no one shows up at a Treasury auction.”
![“If you didn't auction the [CO2] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of the United States. All of the evidence is that what would occur is that corporate profits would increase by approximately the value of the permits.” quote by Peter R. Orszag](https://sms4smile.com/quotes/img-quotes/45c/peter-r-orszag-82656_auctions_if-you-didn-t-auction-the-co2-permits-it_476302.jpg)
