October 4, 2022

Footnotes: Credit Suisse Credit Whatever; Issa Is Still a Pissa; Beware Math’s Agenda | 05.20.14

Credit Suisse CEO Thrilled To Hear Client Response To “We’ve Pleaded Guilty To Extensive Tax Fraud” Is “Yeah, And?” [Dealbreaker]

Colin told LinkedIn the story about how he wanted to grow up to be an Andersen partner when he was 22 [LinkedIn]

Internet companies monkey with accounting Internet companies are potentially misleading investors by tampering with “adjusted earnings” or “adjusted EBITDA” to make them look more profitable than they really are, according to a research report released Tuesday. Internet companies including, online content companies Demand Media and AOL as well as online review site Angie’s List, are making “aggressive” tweaks to the adjusted earnings and EBITDA (earnings before interest, taxes, depreciation and amortization) they report to investors, according to a research report by Ross Sandler at Deutsche Bank. [USA Today Money]

Matt Levine has a few things to say about today's bad gambling accountant [BV]

GOP Lawmaker Issa Issues Subpoena to Justice Dept. Over IRS Targeting In a letter accompanying the subpoena, Rep. Darrell Issa (R., Calif.) said Justice Department officials haven't complied with lawmakers' previous requests for documents. In addition, Mr. Issa wrote, in a recent committee interview of a Justice Department official, Justice lawyers directed him not to answer the committee's questions "an astounding 34 times." [WSJ]

Muddy Waters' Carson Block on "massive fraud" at NQ Mobile [Bloomberg Video]

"Getting a bank on tax evasion is like getting Al Capone on tax evasion." [Guardian]

FYI, new math is trying to make your kids gay [Gawker]

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