“You give lame excuses then, and you’re giving lame excuses now.”
~ Representative John L. Mica, Republican of Florida to Tim Geithner on his role in the bailout of AIG.
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Keeping the SEC Out of Our Hair Is Always on the Table
- Caleb Newquist
- November 6, 2010
This all started when a shareholder asked Michael about this, and he said that we’re looking into it. Well, of course we’re looking into it.
~ Brian Gladden, CFO of Dell, comes off a little sassy discussing the possibility of the company going private.
At Least Someone Is Optimistic About the Tax Cut Stalemate
- Caleb Newquist
- December 2, 2010
“I think we got off to a good start yesterday. There are going to be ups and downs in this process but I’m confident that we’re going to be able to get it done.”
~ President Obama is making us nauseous.
In Other Words, Determining AIG’s CDS Losses Was a Big Game of Darts
- Caleb Newquist
- July 1, 2010
“I did not expect actual, economic losses on the portfolio. That said, I was truthful at all times about the unrealized accounting losses and did my very best to estimate them accurately, in consultation with others at AIG-FP, as well as with my supervisors, AIG’s senior accounting staff, and its internal and external auditors.”
~ Joe Cassano, in his prepared testimony before the Financial Crisis Inquiry Commission