They just got a different tool to use than we do: They kill innocent lives to achieve objectives. That's what they do. And they're good. They get on the TV screens and they get people to ask questions about, well, you know, this, that or the other. I mean, they're able to kind of say to people: Don't come and bother us, because we will kill you. Bush - Joint News Conference with Blair - 28 July '06

Thursday, November 15, 2007

Barclays writes down $2.7 bln

"We had a very strong income month in October and that's enabled us to absorb those writedowns," said John Varley, Barclays chief executive, adding that BarCap's income was a record for any month in the fourth quarter.

"We have been conservative, but we've also been firing** on a lot of our cylinders in the income line and that enables us to report the results we've reported today," he told reporters on a conference call. Link

db: From the sound of it congratulations are in order .... + early retirement .... +£10 million pay-off. If only more companies could lose cash this well .... whilst being 'conservative'.

** Fire the chief exec