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Sunday, December 05, 2010

the emperor had no clothes

Quotes of the Day

"Just as in the children's fable, they knew the emperor had no clothes but looked the other way, allowing the fraud to continue."
DEBORAH RENNER,
a partner at Baker & Hostetler, on a lawsuit filed against JPMorgan; the suit alleges the bank ignored well-documented suspicions about fraudster Bernie Madoff and continued to collect fees and profits

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