[The financial crisis is worse than thought …]
James Hacker: Bernard, Humphrey should have seen this coming and warned me.
Bernard Woolley: I don’t think Sir Humphrey understands economics, Prime Minister; he did read Classics, you know.
James Hacker: What about Sir Frank? He’s head of the Treasury!
Bernard Woolley: Well I’m afraid he’s at an even greater disadvantage in understanding economics: he’s an economist.