When accounting goes unaccounted for
“How about the fact that you sold hundreds of millions of that deal after your people knew it was a shitty deal? Does that bother you at all?”
– Senator Carl Levin (D-MI) to Goldman Sachs’ Daniel Sparks, regarding SEC allegations that Goldman Sachs sold knowingly shitty CDOs to clients.
“Beckstead and Watts, LLP, and the Free Enterprise won, but there is no prize for them.”
~ Professor David Albrecht (guest posting at JDA), pointing out that despite a victory, the petitioners basically get jack squat.
“It’s been my experience that an ‘out of office’ response means nothing anymore.”
~ Edward T. Creagan, a medical oncologist and writer of the Mayo Clinic Stress Blog.
“The principle of shared audits is very attractive to challengers as long as the share […]