Category Archives: Classic Quotes

Tek Young Lin, 88,  former English teacher at Horace Mann School in New York, confessing that he had sex with his young students during the 1960s and 1970s.  Makes you want to home school, eh?  Get this man some help with … Continue reading →

Economist Anna Schwarz, co-author with Milton Friedman of, “A Monetary History of the United States, 1867-1960, who died June 21, 2012, at age 96.  One more quote, ” The basic problem for the markets is that [uncertainty] that the balance sheets … Continue reading →

August 2011 e-mail from Edith O’Brien, former assistant treasurer at MF Global, to a fellow employee who insisted MF Global had “plenty of cash.”  Ms. O’Brien’s responsibilities included monitoring account transfers to be certain the company was not using customer funds … Continue reading →

Jaime Escalona, an investor in Stanford who lost his money, speaking to R. Allen Stanford, founder of the now defunct Stanford investment firm ($7 billion lost), at Mr. Stanford’s sentencing hearing.  Mr. Stanford was sentenced to 110 years in prison … Continue reading →

Chase CEO Jamie Dimon, just about a month ago, when asked about Chase’s London trading desk where there was wild and large hedging going on, aka “The London Whale.” Mr. Dimon announced yesterday that one employee at the London desk, … Continue reading →

From Gary Busey’s agent, an explanation of why someone who made millions need debt relief. The explanation may be the longest sentence ever, but it all boils down to one rationalization: Everybody does it, even GM. Who knew that bankruptcy … Continue reading →

Bruce Springsteen, after singing The Animals’ We Gotta Get Out of the Place during his keynote address to 3,000 budding musicians at Austin’s South by Southwest Music Festival (SXSW). Good advice, although not necessarily what copyright lawyers for music producers … Continue reading →

Customer at the Magie Mart Food Store and Deli where Americo Lopes bought a lottery ticket while he was in a pool with five friends. One of the tickets purchased at the Magie Mart resulted in a win of $38.5 … Continue reading →

Securities Exchange Commission chair, Mary L. Schapiro. Well, there is a correlation between the length of memory and pain. A few settlements with a little more pain could do the trick on memory enhancement. In 51 cases at 19 Wall … Continue reading →

Analyst John Kinnucan, owner of Broadband Research, in his 2011 op-ed resistance to a government investigation into insider trading by analysts. Ah, everybody does it. Mr. Kinnucan was arrested on February 17, 2012 on charges of insider trading that allege … Continue reading →

Rapper Ja Rule (Jeffrey Atkins) , serving a two-year prison sentence for gun charges at New York’s Midstate Correctional Facility, on his newfound friendships with former Tyco CEO, Dennis Kozlowski (serving 8-25 for embezzlement) (known as Koz to Ja Rule)and … Continue reading →

James Davis, former CFO at R. Allen Stanford Co., in answering the question of a prosecutor in the federal fraud case against Allen Stanford, as to why he continued to work for Allen Stanford when he knew that the company … Continue reading →

A supervisor of a Credit Suisse trader balking in response to the trader’s suggestion that the company should come clean and reflect the true value of the firm’s mortgage bonds.

David Higgs, a former Credit Suisse investment banker who entered a guilty plea to criminal charges regarding his inflation of mortgage bond prices during the 2007-2008 decline in the market.