“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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Business as Usual at the SEC
- Caleb Newquist
- July 22, 2010
“The SEC at least knew of this issue and tried to inquire when they could.”
~ Don Whalen, AuditAnalytics.com’s director of research, is referring to the Commission’s knowledge of repurchase agreements used by various companies as early as 2004, but could easily be talking about Bernie Madoff.
Was the $550 Million Not Enough for You?
- Caleb Newquist
- July 21, 2010
“I couldn’t tell you, Mike, that there is a company in the world that does not have a threat of a criminal investigation at some point in time. I mean, every company in the entire world has that. All I can tell you is that we are not aware of any criminal investigation of Goldman Sachs.”
~ Goldman Sachs CFO David Viniar, responding to CLSA analyst Mike Mayo, who really, really, really, really wants to know if there is a threat of a criminal investigation into Goldman Sachs.
In Other Words, Senator Levin, It’s Another Sh—y Deal?
- Caleb Newquist
- May 15, 2010
“Transfer pricing is the corporate equivalent of the secret offshore accounts of individual tax dodgers.”
~ Senator Carl Levin (D-MI), in a less colorful manner.