“[A]t Deloitte we began planning for the downturn and beyond in 2006. Not having a crystal ball, we didn’t anticipate such a violent contraction.”
~ Barry Salzberg, CEO of Deloitte.
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Charlie Gasparino Suggests That Erin Callan Should Be Shaking in Her Designer Boots
- Caleb Newquist
- August 17, 2010
“At least part of it is focused on the March 2008 capital raise where they went out and did a preferred deal. Erin Callan made some very positive bullish statements about Lehman. About how the nature of its finances would mean that it did not need more capital and three months later Lehman Brothers needed more capital and then came the decline of the firm.”
~ The Fox Business Correspondent/Ace Reporter insists that an announcement is “imminent.” That’s what the rumor mill says anyway.
It’s Been Awhile Since Charlie Rangel Had a Bad Day
- Caleb Newquist
- July 30, 2010
“Sixty years ago, I survived a Chinese attack in North Korea and have said that I haven’t had a bad day since. But after today, I may have to revise that statement.”
~ Rangs had a helluva run. Not that it’s any consolation.
Write It Down: No More Financial Crises Ever
- Caleb Newquist
- June 26, 2010
“[It will] help prevent another financial crisis like the one that we’re still recovering from.”
~ President Barack Obama on the financial reform bill.