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
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
![](http://img.timeinc.net/time/quotes/2010/12/105_1203_jp_morgan.jpg)
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