“No bureaucracy ever thinks it has all the power it needs.”
~ Joe Kristan can’t see the future (to our knowledge) but he did predict that the IRS would try to extend the tax preparer regulations to CPAs.
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Good Thing They Had Auditors
- Caleb Newquist
- August 31, 2010
“Lehman’s books were in such a mess that I don’t think they knew where they were.”
~ Elizabeth James, a director of Barclays’s futures business, testifying in bankruptcy court.
Jeff Skilling Will Tell You That Prison Has Its Drawbacks
- Caleb Newquist
- June 15, 2010
“Could you buy me a cup of coffee? Inmates aren’t allowed to touch money or approach the machines. They could put me in solitary for a week.”
~ The former Enron CEO is adjusting to his 24 year vacation.
The Frank-Dodd Act Could Solve Part of the Unemployment Problem
- Caleb Newquist
- July 15, 2010
“In 2,500 pages of dense prose, we’re about to receive legislation that could better be entitled ‘The Lawyers’ and Lobbyists’ Full Employment Act.”’
~ Harvey Pitt, former SEC Chairman, graduated with his law degree from St. John’s in 1968.