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November 26, 2022

Footnotes: Gimme a Raise; Tim Geithner Can’t Account; TMI SEC | 05.27.14

The country's top-paid CEOs will get a 400% pay raise this year, while you and the rest of the unwashed masses will be lucky to get 2.9% [MW]

Geithner's Dubious Accounting Timothy Geithner claims in his new book, "Stress Test," a memoir of his years as U.S. Treasury Secretary during the financial crisis, that the federal government has turned a profit on its bailout of the banking system. It's an assertion offered as one of the many reasons the rescue was a good idea. Let's not debate whether the bailout was or wasn't necessary: Get real — it was. But Geithner's assertion about the bailout's cost, or rather lack thereof, demands scrutiny. [Bloomberg View]

Banks don't commit fraud, people do [Fox Business]

Supreme Court agrees to hear potentially groundbreaking Maryland tax case [WaPo]

Fab Tourre just isn't going to fight it [Bloomberg]

As Information Flows, S.E.C. Faces Difficulty Bottling It Up Since 2000, the Securities and Exchange Commission has sought to ensure equal access to that commodity through a rule known as Regulation FD. The rule generally requires that if a company disclosed material information to one person, it must do so to all. Yet even with that requirement and with the flood of information that is out there, some investors still appear to be getting premier access. Indeed, Regulation FD may now be doing more harm than good. [DealBook]

A former UBS banker will avoid prison time for his part in a tax avoidance scheme [Bloomberg]

Someone wasted time on a study to find out that the higher your GPA in high school, the more money you are likely to earn as an adult [DM]

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