“We don’t want the Wal-Mart audit.”
~ The aforementioned Lynn Turner, cringes at the thought of low prices.
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Bernie Madoff Doesn’t Sound Particularly Remorseful
- Caleb Newquist
- June 8, 2010
“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.”
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.
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]