September 24, 2022

Footnotes: Dodgy Banks, Online Retailers with Sketchy Accounting, a Notable Obama Bundler | 08.10.12

What Goldman Sachs Did and the Justice Department Didn't [Bloomberg]

Emails Describe Overstock.com Waging War — On Behalf of its Enemies [Gary Weiss]

You Misplace 5 Or 6 Billion Dollars And All Of A Sudden People Stop Trusting You To Keep Track Of Your Money When JPMorgan’s whale drowned a lot of people asked “where were the regulators?” and that was a silly question, because the people with the most incentive and ability to keep the whale afloat were, in descending order, (1) the whale, (2) the whale’s bosses, (3) the whale’s bosses bosses, (4) the regulators, and (5) the people asking “where were the regulators?,” so if categories 1-3 missed the problem then there’s no reason to get all mad at category 4. [DB]

Groupon Goods takes off, but raises accounting questions [Reuters]

Deloitte Official in Spotlight Mr. Zeldin also is on the Obama campaign's list of volunteer fundraisers, or "bundlers," who collect contributions from friends and associates. Mr. Zeldin has raised between $100,000 and $200,000 for Obama's 2012 campaign, the list shows. He also has made sizable personal contributions to Mr. Obama's 2008 and 2012 campaigns. [WSJ, Earlier]

FASB Agrees to Tightens Sale Accounting Criteria [CW]

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