“[A]t Deloitte we began planning for the downturn and beyond in 2006. Not having a crystal ball, we didn’t anticipate such a violent contraction.”
~ Barry Salzberg, CEO of Deloitte.
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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
John Boehner: What Have You Done for American Families and Small Business Lately, Mr. President?
- Caleb Newquist
- September 28, 2010
“If the President really wants to help small businesses, he should insist that Congress not leave town without cutting spending and stopping his tax hike to help create jobs – particularly small business jobs. By failing to act, the President is turning his back on American families and small businesses.”
~ The House Minority Leader, in a statement, nanoseconds after The President signed The Small Business Jobs and Credit Act of 2010 into law.
Quote of the Day: Doug Shulman Speaks in Austin | 02.23.10
- Caleb Newquist
- February 24, 2010
“They do hard work on behalf of the American citizens, and an act like this won’t stop us from doing our jobs with dignity and respect for Americans.”
~ Doug Shulman, the Commish, on IRS employees.