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September 28, 2023

Footnotes: #HSWAF Bitcoin?; Try IFRS, Everyone Is Doing It; Google’s New Toys | 12.16.13

It's probably not legal for the government to spy on your phone calls, just FYI [Reuters]

Lotto fever! [USA Today]

A former UBS banker who may have helped hide $20 billion from the IRS is in court [Seattle P-I]

You probably heard Google bought some new toys… second YouTube video down is all you need in life. If you don't find it hilarious, you are not a human being. [ABC]

GM is sorry the government lost money on saving them but, meh, happens bro. [USA Today]

Volunteer firefighters and Obamacare, who knew this was a thing? It is the IRS' fault! [Watchdog]

IFRS is officially cool [economia]

HEY GUYS! FASB says Bitcoin is OCBOA. We look forward to ASC 1Fh57dAqyYYwaQVdA7a9qsKfiukBbt31G3 any day now. Oh and if you click over to the BNA post, I warn you it is a horribly-written piece of trash. [Bloomberg BNA]

Slovenia to pay banks for bad loans with short-term bonds Slovenia announced on Thursday that its banks would be paid about 1.6 billion euros for transferring their most troubled loans to the bad bank. Torbjörn Mansson, head of the bad bank, told journalists on Monday banks would be paid with a combination of two and three year bonds. "We are structuring the bond that it should be acceptable in the system, banks can use it to secure liquidity, fund new businesses," he said. Banks can pledge high quality bonds with the European Central Bank in exchange for cash, which they can then lend. [Reuters]

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