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A CEO’s Reaction After Losing $8 Billion in Three Months

Posted on May 6, 2010 by Caleb Newquist

“Though more needs to be done, we are seeing some signs of stabilization in the housing market, including house prices and sales in some key geographic areas.”

~ Charles Haldeman, CEO of Freddie Mac. The “more needs to be done” includes additional government funds.

Posted in Quote of the DayTagged Earnings, Freddie Mac, Quote of the Day, Things are looking up

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Related Posts

  • Quote of the Day

Quote of the Day: Did the Ernst & Young Webcast Mention This? | 03.19.10

  • Caleb Newquist
  • March 20, 2010

“I believe the manner in which the Firm is reporting these assets is potentially misleading to the public and various governmental agencies.”

~ Matthew Lee, former Lehman Brothers Senior VP in charge of consolidated and unconsolidated balance sheets, in a letter to certain LEH executives. He was fired.

  • Quote of the Day

The Big 4 Abbott & Costello Routine

  • Caleb Newquist
  • September 21, 2010

“Do you want 7 to go into 28 a total of 13 times? Sure. Just hire a Big Four auditor, and he’s got a rubber stamp with your name on it.”

~ Gary Weiss thinks auditors are a joke.

Easy Math – The best video clips are here
  • Quote of the Day

New Jersey Should Send a ‘Thank You’ Note to California and New York

  • Caleb Newquist
  • November 9, 2010

“In the recently-released 2011 State Business Tax Climate Index, New Jersey finally moved out of its last-place ranking on that list, in part due to Christie’s veto of the millionaires’ tax he mentioned during his interview. While it still ranks a pretty dismal 48 out of 50, it proves that improvement is possible, even in a state with a tax policy legacy as historically abysmal as New Jersey’s.” [Tax Foundation]

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Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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