Two men are in a hot-air balloon. Soon, they find themselves lost in a canyon somewhere. One of the three men says, "I've got an idea. We can call for help in this canyon and the echo will carry our voices to the end of the canyon. Someone's bound to hear us by then!" So he leans over the basket and screams out, "Helllloooooo! Where are we?" (They hear the echo several times). Fifteen minutes later, they hear this echoing voice: "Helllloooooo! You're lost!" The shouter comments, "That must have been a mathematician." Puzzled, his friend asks, "Why do you say that?" "For three reasons. First, he took a long time to answer, second, he was absolutely correct, and, third, his answer was absolutely useless."

-Randomly generated by the open-source fortune-mod program.

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Katanga Johnson

Washington-based reporter covering U.S. regulation at the Securities and Exchange Commission and the Consumer Financial Protection Bureau, previously in Ecuador, alumnus of Morehouse College and Northwestern University’s Medill School of Journalism.




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Org: 💫 Reuters


PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

March 24, 2019
Katanga Johnson
Peter Schroeder
Concerns: Ethics• Crime• Audit & Oversight
Topics: Fraud• Corruption• Bankruptcy
Case Files: FDIC v. PricewaterhouseCoopers LLP, et al.

WASHINGTON (Reuters) - A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Coloni…