When accounting goes unaccounted for
“The problem with dumping him at this stage is that it won’t really get to the heart of the matter, which is that he’s just one of a cast of characters who need to be ousted. The problem is the ensemble. I think it’s a bit like you’re not liking the cast of Seinfeld, and just getting rid of Elaine.”
~ Gary Weiss on Ben Bernanke, et al.
Sorry, Dan Black. Looks like you’re out of a job. “When I talked to him, […]
“A client injured his wrists, so the doctor told him to keep his wrists elevated. […]
“[E]liminate all use of off-balance sheet accounting–for any use whatsoever. Everything must be on balance sheet.”
~ Harry Markopolos, on one aspect of financial reform.