Quotes Of The Week

JPMorgan is apparently a bit miffed that it is being sued by Lehman's bankruptcy estate for billions, over claims that the firm's collateral calls in September 2008 caused Lehman liquidity problems and pushed it further towards failure.

'We are going to be really f**king aggressive with this case, because this is a total waste of f**king time!'.

Unnamed JPMorgan executive (Fox Business News)

'I am sorry that Greece has problems. I'm sorry they cut the rating of Spain. I'm also sorry that the Queen of England has some problems with some ex-members of her family, but I don't know what that has to do with me'.

Ace Greenberg, the former CEO of Bear Stearns (CNBC) on the subject of European 'contagion' effecting the US economic recovery.

'Wall Street cannot pretend anymore that the treasurer of a small town in the Midwest on a civil service salary and no analytical support has the same level of sophistication as a specialized hedge fund'.

Dino Kos, Managing Directer, Portales Partners (Bloomberg)

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