“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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In Case You Are Unclear, The P in GAAP Stands For Principles
- Adrienne Gonzalez
- April 29, 2010
“U.S. GAAP is founded upon principles, that’s what the P is supposed to stand for.”
– SEC Chief Accountant James Kroeker arguing at a Pace University IFRS discussion that GAAP is just as principles-based as IFRS.
Have Americans Embraced…Saving?
- Caleb Newquist
- July 14, 2010
“[I]t’s like saving money when they shop is a new kind of game, a way to stick it back to the man.”
~ Pat Conroy, vice chairman and Deloitte’s consumer products practice leader, is proud of all the consumers out there.
Quote of the Day | 01.21.10
- Caleb Newquist
- January 22, 2010
“But Byrne is evil. I’ll stand by that. More than evil, he’s soul-less evil. That said, I hope you understand that I don’t have anything against Byrne per se. I have things I want, and he stands in the way, so I now I’m removing him. At the same time, there’s no reason we can’t co-exist under specific circumstances.
~ William K. Wolfrum, on Farmville junkie and Overstock.com CEO Patrick Byrne.