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Preliminary Analytics | 01.04.10

Thumbnail image for graduation.jpgFed Chief Edges Closer to Using Rates to Pop Bubbles – However, don’t even think that the low interest rates were the cause of the housing bubble, that was due lax regulation, thankyouverymuch. [WSJ]
Auditors Missing in the Financial Crisis — Readers Offer their Thoughts – “It’s not just that the Big Four tetrapoly fail the essential tests of insurability, although they do – because of sector concentration, unpredictability of losses and inability to quantify exposures. It’s also that if any such ‘super-audits’ actually existed, the auditors would surely be performing them already.” [Re: Balance]
Tax Person of the Year – How Charlie Rangel was even a nominee, we’ll never know. [TaxProf Blog]
Family Business Challenge: Attitude of Entitlement – “Someday all this will be yours” could have unintended consequences, like the kids screw up your life’s work. [The Exuberant Accountant]
Small Biz Exemptions from IFRS? – A la SOx. [The Summa]
Dubai’s “superscraper” makes history in hard times – After a couple of delays Burj Dubai is finally opening today and despite all the trubs in the Dubai lately, “experts” are saying that all 1,100 units are sold. [Reuters]