“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.
Related Posts
The PCAOB Has a Plan B if the Supreme Court Manages to Make a Huge Mistake
- Caleb Newquist
- May 22, 2010
“In the event that the PCAOB does not prevail – and the decision requires a legislative change – I would urge Congress to act quickly to fix whatever structural problems the Court identifies.”
~ Interim PCAOB Chairman Dan Goelzer, in testimony today.
Quote of the Day: If Felix Salmon Was on an Audit Committee | 03.25.10
- Caleb Newquist
- March 26, 2010
“If I was on the audit committee which received this letter, I would certainly be shopping my account right now.”
~ Felix Salmon, on Ernst & Young’s “hilariously disingenuous” letter to various audit committee members.
Spreading the Sacrifice Around
- Caleb Newquist
- November 18, 2010
“Everybody must sacrifice so this quiet killer won’t eat us alive before we have a chance to fix what was our doing.”
~ Former Senate Budget Chairman Pete Domenici who, along with Alice Rivlin, rolled out their fiscal deficit solution today that includes a 6.5% national sales tax.