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.
Friday, Dec. 03, 2010

Open quoteJust as in the children's fable, they knew the emperor had no clothes but looked the other way, allowing the fraud to continue.Close quote

  • 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
Photo: Andy Rain / EPA | Source: THE GUARDIAN