• Be fair to Bernanke – Steve Rattner, former car czar, makes the case for the Beard. [WP]
• New Jersey Losing $22,000-a-Day With Swap for Bonds Never Sold – The Garden State owes the Bank of Montreal $23.5 million: “The sum, about the same as the salaries for 113 teachers over three years, will allow it to avoid a $50 million penalty for canceling the contract, which was tied to planned sales of school-construction bonds.” [Bloomberg]
• Chávez Spurs Bank Fears – The next big mess? ‘It’s going to blow…It’s just a matter of time.’ [WSJ]
• Petters Plans Appeal of $3.5B Fraud Conviction – “Efforts to recover money to compensate victims will likely net only pennies on the dollar, and prosecutors have not ruled out new charges against others.” [AP via NYT]
• The PCAOB Wants an Increase in Its Allowance – JDA, always wanting to be helpful, has some suggestions for the PCAOB. [JDA]
Related Posts
Preliminary Analytics | 12.11.09
• Deloitte appoints new climate change chief – Kiwi Nick Main is the new HMFIC. [Accountancy Age]
• Loopholes Lurk in Bank Bill – “Referring to USAA, House Financial Services Committee Chairman Barney Frank (D., Mass.) said the House has ‘been supportive of them and the US military. There’s no remote prospect of them being a problem.’ Lawmakers wouldn’t identify the lawmaker who requested the exemption.” [WSJ]
• Boeing says Dreamliner could fly on Dec 15 – Just feeling it out. No word on the debut with crying babies and obese passengers. [Reuters]
• Craigslist Founder Says eBay Reneged on Promises – Specifically you, Meg Whitman. [AP via NYT]
Preliminary Analytics | 01.07.10
• Geithner’s New York Fed Told AIG to Limit Swaps Disclosure – “AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008.” [Bloomberg]
• Climbing the Finance Ladder: Landing a Promotion [FINS]
• Canadian Police Seek Man Accused of Ponzi Scheme – According to the SEC, the self-dubbed, “Chinese Warren Buffet” sent a letter to investors admitting that he was running a Ponzi scheme. That was easy. [AP via NYT]
• Economic Consequences and the Political Nature of Accounting Standard Setting – “For decades it has been taught in every graduate accounting program in the country that accounting standards have economic consequences. As a result, I contend it is natural and predictable that competing economic interest attempt a political solution to proposed accounting standards.” [The Summa]
• Accounting rules over M&A spread confusion – IFRS 3 is disappointing many. [FT]
Preliminary Analytics | 09.17.09
• Clearing skies over U.S. economy open rift at Fed – Let’s just leave everything alone, it’ll be fine. [Reuters]
• Twitter funding would value it at $1 billion: report – It’s not going anywhere, follow us. [Reuters]
• U.S. unemployment not to peak until 2011: Krugman – “He said the global economy seems to be stabilizing at a level that is ‘unacceptably poor’ and added it is possible that the recession will be a double-dip one.” [Reuters]
• He Built America’s First Megamall – Now that he’s gone, we can’t really place blame here for rampant consumerism, can we? [WSJ]
• SEC Announces New Division of Risk, Strategy, and Financial Innovation – The latest duct tape measure from the SEC. [SEC.gov]
• Rolls-Royce Unveils Its Economy Car – Less than $250k. If you had only gotten that bonus… [WSJ]