“Well, that’s what I did.”
~ Bernie Madoff’s to a fellow prisoner telling him that taking advantage of old ladies was “kind of fucked up.”
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For Some, There Is An Upside to Dodd-Frank
- Caleb Newquist
- September 18, 2010
“Like Sarbox, it is destined to fail—except for all the lawyers and accountants and new bureaucrats it will enrich.”
~ Neil Weinberg found the silver lining.
This Could Easily Be a Member of Congress
- Caleb Newquist
- August 20, 2010
“We are grateful to the courageous taxpayer who came forward to notify the United States attorney’s office of a corrupt public servant.”
~ U.S. Attorney Todd Jones is really just referring to that IRS agent who needed $9,700.
Accounting Convergence Will Claim Some Bodies
- Caleb Newquist
- June 12, 2010
“I am proud to say that so far my fellow board members and our staff, both FASB and IASB, have risen to the occasion. But I do fear potential burnout, as it’s not so easy to be running a marathon at sprint speed.”
~ Bob Herz, admitting that maybe these accounting wonks might be working too hard.