Hank Paulson gets angry, Gordon Brown gets defensive and Barack Obama is left a little red-faced. It must be Quotes of the Week!
"The British screwed us."
Hank Paulson's words when he learnt of the Financial Services Authority's (FSA) decision not to approve a guarantee which would have allowed Barclays to buy Lehman.
"I think its right to have run a large deficit. It's been essential to the recovery."
Gordon Brown being questioned by a committee of senior MPs, insisting he was right to borrow so heavily to fund public spending during the downturn.
"The message came back that while the FSA agreed that it does not have jurisdiction over contractual law, it does have jurisdiction over issuing bank licences in London, and that we should go away and unwind the contracts."
A pay executive at a major bank commenting on the FSA's ultimatum that 60% of all pay must be deferred, with no exceptions, even for those whose contracts conflicting with the edict.
"[Risky financial activity is] like pornography - you know it when you see it".
Barack Obama's economic guru, Paul Volcker, responding to the Senate's banking committee and Republican lawmakers insisting it is entirely possible to define banks' proprietary trading.
"Making the step from taking their bottles to the bottle bank and putting their money into an ethical fund is a big one. But for the individual, making that step from showing an interest to actively investing is not insurmountable".
Jeremy Newbegin, director, The Ethical Partnership.
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets