“I continue to count on good sense and wisdom to trump short-term political advantage.”
~ Ben Bernanke, who may be right out of his mind.
Related Posts
Why Would Someone Want to Buy a Sports Franchise?
- Caleb Newquist
- August 25, 2010
“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”
~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.
The FASB Is Prepared for the Wailing and Gnashing of Teeth
- Caleb Newquist
- May 27, 2010
“[It] will not be very warm.”
~ FASB Chairman Bob Herz, on the financial services industry’s reaction to the Board’s new proposals for valuing loans and loan-like instruments at their market value.
Quote of the Day: Bank of America’s Statement Sounds Familiar | 03.24.10
- Caleb Newquist
- March 25, 2010
“Efforts to manage the size of our balance sheet are routine and appropriate, and we believe our actions are consistent with all applicable accounting and legal requirements.”
~ Bank of America statement on the allegations that they engaged in balance sheet manipulation. A statement not so different from Ernst & Young’s on their final audit of Lehman Brothers.