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November 26, 2022

Footnotes: Surprise Accounting; Liar Liar; Booz Is Just Bitter at Deloitte | 08.12.14

White House loosens restrictions on lobbyists Wait, they had restrictions before? [Reuters]

U.S. Government Bonds Pull Back on Looming Supply [WSJ]

Proposed Accounting Change Could Catch Lenders Unprepared A proposed accounting change expected to force banks to boost the amount of reserves they hold against soured loans could catch many small and midsize lenders unprepared, according to a new survey of bank executives. [WSJ]

Former hedge fund managers and liars settle securites fraud They put money in Madoff, oops [Reuters]

Sour grapes? Deloitte, staffers claim Booz Allen lawsuit is an attempt to 'punish former employees' for seeking 'greener pastures' Among other things, Deloitte and its employees, which joined the firm from Booz Allen a couple years ago, said in an Aug. 1 filing with the U.S. District Court in New Jersey that allegations made by McLean-based Booz Allen in an amended complaint fail to identify any specific client or business opportunity that it lost on account of Deloitte’s alleged conduct. Nor does Booz Allen explain how supposed access to the proprietary information could cause the alleged “mass defection” of employees, the suit states. [Washington Business Journal]

Meet Instagram's most famous cat Pfft… never heard of her [Daily Mail]

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