When accounting goes unaccounted for
“Accounting is the CEO’s “weapon of choice” that transforms the perverse incentive into what economists, regulators, and criminologists agree is a “sure thing” in crises (means).”
~ William K. Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City.
“The fact that I am [sitting] here being accused of dishonesty, and have never been […]
“Yes, it is a success, if the objective was to demonstrate that people will take free money if you give it to them.”
– Joe Kristan, explaining the success of the homebuyer tax credit program, which ends today.
“I think it’s obviously obvious.”
~ Forensic accountant Mark Berenblut, responding in the affirmative that R. Allen Stanford knew he was “misrepresent[ing] the liquidity and soundness of the CDs.”