Quotable | Dov Charney on the Declining Fortunes of American Apparel

<span class="post-quotemark">"</span>A lot of assumptions that I grew up with are no longer reality. Those were things that we could rely on: that lenders will always be there, that they'll behave ethically and they'll always have money, that you can trust that as the sun comes up the consumer will be healthy, that we'll always be close to full employment in developed nations. Now there are no certainties."

<em>Dov Charney, <a href="http://www.businessweek.com/magazine/content/10_33/b4191062685325.htm" target="_blank">speaking to Bloomberg Business Week</a>, on the deteriorating finances at American Apparel, which today <a href="http://www.marketwatch.com/story/american-apparel-reports-preliminary-second-quarter-2010-financial-results-2010-08-17?reflink=MW_news_stmp" target="_blank">reported a $5-7m loss</a> for the second quarter of 2010</em>