Lewis Retains Support of Key BofA Executive – [DealBook/NYT]
What the Big 4 do – “I explained that in my opinion the Big 4 firms have two fundamental purposes in life when it comes to tax. First they exist to undermine the tax revenues of governments. Second they exist to redistribute the wealth of the world from those who are poorest in the communities in which they work to those who are the richest in the communities in which they work.” Ouch [Tax Research UK]
Madoff Family Feud: Ruth, Sons Won’t Attend Monday Sentencing – Probably not a bad move…[ABC News]
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Review Comments | 08.17.09
• Facebook’s Evil, Genius Plan to Own Your Life – Was there ever any doubt that this was the plan? [The Atlantic]
• Three Indicted in Major Hacking Case – “Three men were indicted Monday on federal charges of conspiring to hack into computer networks of major U.S. retail and financial organizations and stealing data related to more than 130 million credit and debit cards.” [WSJ]
• Sordid Penn Station Needs Overhaul for $9 Billion Tunnel Link –For the love of all that is good and holy why not use $9 billion get the human feces out of there? [Bloomberg]
• A.I.G. to Pay New Chief Executive $7 Million a Year – Seven million times more than the last one. Appears reasonable. [DealBook]
• Federal Prosecutors May Let Andy And Mark Madoff Enjoy Labor Day Weekend – Because it’ll be your last! [Dealbreaker]
Review Comments | 07.17.09
• Swedbank Losses Show Deeper Troubles in Baltic – Souls as collateral in Latvia. Enough said. [DealBook]
• Citibank, BofA Results May Not Point To Recovery – Duh. [NPR]
• Fox Biz: Jorge Posada’s Wife Talks Healthcare Reform – Much more interesting perspective than say, anyone in DC [Clusterstock]
Review Comments | 10.28.09
• Auditing Firms Should Pay Closer Attention to Spreadsheets – That’s according to a person who is no an auditor. [Web CPA]
• McKinsey Begins Internal Probe in Galleon Case – According to McK, this their first problemo with securities law violations. Traditions are meant to broken anyway. [WSJ]
• House Plans to Roll Out Its Health Care Bill on Thursday – Please end this. [Prescriptions/NYT]
• Picard says $21.2bn lost in Madoff schem – That’s not so bad. [FT]
• Sam Zell: ‘With some reasonable luck,’ Tribune Co. will exit bankruptcy in early 2010 – We’re disappointed, Sam. [CT]
• CIT Takes $4.5 Billion Loan, Shunning Icahn Offer – CIT “wasn’t confident in the solidity of Mr. Icahn’s proffering”. [DealBook]