• Businesses Learn To Make Do With Fewer Workers – Sound familiar to anyone? [NPR]
• Judge raps $33m bank bonus fine – “A US judge has refused to approve a $33m (£19m) fine that Bank of America agreed to pay to settle charges that it misled investors about bonuses.” [BBC]
• SEC Asks to Self Fund to Allow for Better Enforcement – OH, that was the problem. [naked capitalsm]
• AIG Breakup Is Fee Bonanza – Bankers, lawyers, accountants. Everybody’s happy. Oh wait. Taxpayers. [WSJ]
• Madoff Victims Said to Start Getting Tax Refunds – Anger will only subside briefly. [DealBook]
Related Posts
Preliminary Analytics | 09.16.09
• Bankers Should Repent, Archbishop of Canturbury Says – And since the bankers and others are blaming the accountants, you all should get with the penance as well [AP via NYT]
• Buffett Says the U.S. Economy Has ‘Hit a Plateau at Bottom’ – This bodes well the Beard’s calling of the match yesterday. [Bloomberg]
• Pimco’s Gross Boosts Government Debt to 5-Year High – Take note, USD haters. [Bloomberg]
• James S. McDonald, C.E.O. of Rockefeller & Co., Dies at 56 – Illuminati theories can commence now. [NYT]
• Facebook Says Its Finances Are Looking Up – 300 million members and free cash flow positive, so you must be on there providing witless comments about how you hate our jobs. Join the GC group. [Bits]
Preliminary Analytics | 10.21.09
• Mets Win One: Owners Made Money on Madoff – “A partnership connected to the baseball team — which had widely been rumored to have lost money investing with Bernard Madoff — actually gained a net $48 million from its dealings with the convicted swindler, according to a bankruptcy-court filing.” [WSJ]
• Madoff adjusts to life in prison – Bottom bunk. He would’ve called the top but when you’re in your 70s, sometimes you just let things go. [BBC]
• CIT debt offer by obscure fund raises questions – Including: How desperate is CIT? [Reuters]
• A Sarah Palin Tax Problem? – Auctioning off a dinner with Governor Maverick makes for some IRS hoop jumping. [TPM]
Preliminary Analytics | 01.04.10
• Fed 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]