"The worst thing is the uncertainty. Just give us a set of rules and then well figure out how to work round them... I mean work with them"
A senior US banker, discussing Basle III, corrects himself just a moment too late
"He did a great job with the balance sheet but became addicted to KitKats and ballooned. Hes had a bad crisis in terms of his trousers"
A senior figure at a leading European bank ponders the cautionary fate of a well-liked colleague
"Brooksleys girlfriends tried to rip his nuts off by saying theyre putting a hold on his nomination. It wasnt hard for Brooksleys acolytes to whip up a storm and pay Gensler back for embarrassing her 10 years before"
A Wall Street lobbyist explains the machinations behind objections to Gary Gensler becoming chairman of the CFTC from one of his predecessors, Brooksley Born
"You recall the stress test we did last year? Well, the Fed has quietly been forcing us to run versions of it regularly ever since. At first I couldnt believe we had to keep doing these. But you know, its actually quite a good idea"
A bank CFO realises patience may be a virtue
"Who gives a damn if Greece defaults? In the first half of 2010 on an annualized basis Chinas imports rose by $500 billion. So China is importing the equivalent of Greeces economy every eight months"