In the Media

In the News

Biz Babble: Catchy Quotes from the Week
NEW YORK DAILY NEWS
May 27, 2006

"I hope they rot for the rest of their lives and die there in prison."

Angie Lorio, who saw $500,000 of her retirement savings evaporate after Enron collapsed, told the Daily News after former CEOs Jeff Skilling and Ken Lay were found guilty of fraud and conspiracy and could each face sentences over 150 years.

"They got what they deserved, the average guy is cheering that the system works."

Securities' attorney Jacob Zamansky told The News on the convictions of Lay and Skilling.

"(Financing) allows people who don't have access to cash to go ahead with the procedure. It's wonderful."

Dr. Malcolm Roth, a New York-based plastic surgeon and spokesman for the American Society of Plastic Surgeons, told The News on financial services companies providing funding for plastic surgery procedures.

"A lot of buyers are very nervous at the moment. Whereas a year ago they were saying, 'I have to buy now, because someone else is going to buy it,' now people say, 'I really want to be sure I'm making the right decision.'"

Klara Madlin, president of Klara Madlin Real Estate, told The News in report that showed making simple, cosmetic fixes is the best way to get your home ready to sell.

"It pains me when I see someone carrying a VHS camcorder at Disneyland. I always want to say to them, 'Hey, here's one that you could put in your pocket.'"

Linda Vuolo, director of camcorders at Sony, told The Associated Press on new, lightweight tapeless DVD camcorders now available.

"Our examination found an environment where the ends justified the means. Senior management manipulated accounting, reaped maximum, undeserved bonuses, and prevented the rest of the world from knowing."

James B. Lockhart, the acting director of the Office of Federal Housing Enterprise Oversight, said of mortgage lender Fannie Mae's senior execs in accounting manipulation probe.

"The bargain hunters ran out of steam, and we still have the same concerns. ... We're still concerned about inflation, the Fed tightening - all of that didn't go away because we're oversold."

Art Hogan, chief market analysts for Jefferies & Co., told The Associated Press as stocks were unable to sustain small rallies during a volative week of trading

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