“They certainly didn’t support it. On the Repo 105 issue, they knew about it; they did not appear to know that the number was so large.”
~ Matthew Lee, the Lehman Brothers whistleblower, in testimony today.
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Quote of the Day: Let’s Hope He Doesn’t Mean Bombings at J.P. Morgan | 02.16.01
- Caleb Newquist
- February 17, 2010
“We’re not Greece but we could end up with their same problems down the road if we don’t get spending under control and start dealing with our structural deficit soon.”
~ David Walker, CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General on the US of A.
Was the $550 Million Not Enough for You?
- Caleb Newquist
- July 21, 2010
“I couldn’t tell you, Mike, that there is a company in the world that does not have a threat of a criminal investigation at some point in time. I mean, every company in the entire world has that. All I can tell you is that we are not aware of any criminal investigation of Goldman Sachs.”
~ Goldman Sachs CFO David Viniar, responding to CLSA analyst Mike Mayo, who really, really, really, really wants to know if there is a threat of a criminal investigation into Goldman Sachs.
The IFRS Foot Dragging Talk Is Just Your Opinion
- Caleb Newquist
- May 20, 2010
“This…is wrong. To be clear, while I strongly believe in our commitment to high-quality accounting standards, I believe just as strongly that this commitment is only the beginning of the discussion, not the end.”
~ SEC Chair Mary Schaprio, on the Commission’s approach to IFRS.