“It is safe to assume that we are looking at the conduct of a number of firms.”
~ Mary Schapiro, to a House appropriations subcommittee, not specifically naming Lehman Brothers or Ernst & Young.
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Ernst & Young Wasn’t About to Let Some Civil Fraud Charges Put a Damper on Their Holiday Season
A trusted source emailed us that things were getting festive last night:
EY had their FSO party last night at Cipriani’s downtown. Used to be at Tavern on the Green.
This is good news. And not just because this is an upgrade from last year’s party. Despite all the bad press the firm is getting, the celebration will go on! It must go on! Now whether the Governor-elect was aware of this and purposefully decided to make a few people’s hangovers a little worse by filing the charges today, we can’t possibly know (but he does seem to have an innate sense of timing).
What we would like to find out is the mood at this fiesta. Were there a lot of long faces, grumbling about Hank Paulson, weeping in their single malts? OR did people manage to convince themselves that this whole thing is NBD and people had a good time – enjoying the open bar, power smoking Cohibas, making awkward sexual advances, partners dancing?
We need, and the people demand details, so if you were at the party email us the details.
Congrats to EY and Deloitte For Making … the Vault Banking 50?
The other night I was bored to tears while my wife and my 13-year-old daughter […]