CNBC News Releases

Carl Icahn Comments on the State of the Market on CNBC's "Fast Money"

Jennifer Dauble

Carl Icahn: I think this market is sort of on a precipice, it could go either way- you sort of have a credit crunch, and if you remember in 1990 nobody realized the manifestations that credit crunch would have, it took about a year. I'm not saying we wont get out of it, but it gotta tell you we have to be extremely careful- when you have one of these crunches, it takes all the king's horses and all the king's men and they still cant turn it around again.

About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at