• ‘Urgency’ Drives SEC Crackdown – Does this woman look like she has a shred of urgency? [WSJ]
• CIT delays report, could have to file for bankruptcy – Can someone please handle this? Thanks. [Reuters]
• BofA Judge Seeks More Data on SEC Bonus Deal – Judge Rakoff certainly doesn’t feel the urgency. [WSJ]
• AIG’s Liddy Heads Toward Retirement With ‘$1, a Few Bruises’ – And with any luck, won’t ever appear in front of a Congressional committee ever again. [Bloomberg]
Related Posts
Preliminary Analytics | 12.14.09
• H.R. 4173, Summary of Accounting and Audit Related Provisions – Lots to digest here but it’s all important, including a possible GASP name change for the PCAOB. [FEI Financial Reporting Blog]
• Invitation to a Conversation: If the Auditors Were Missing from the Financial Crisis — Let’s Ask Why – Jim Peterson doesn’t mince words: “The simple if depressing reason is that their core product has long since been judged irrelevant. The standard auditor’s report is an anachronism — having lost any value it may once have had, except for legally-required compliance.” [Re: Balance/Jim Peterson]
• Accenture Makes Right Decision, Drops Tiger Sponsorship – The awkward inappropriateness of the whole situation is now hitting T. Dubs in the wallet, as Accenture jumps into the “your services are no longer needed” camp. He won’t starve. [The Big Four Blog]
• Open Letter to the Securities and Exchange Commission (Part 5): Issuer Retaliation Complaint Against Overstock.com – Patrick Byrne’s attempt to develop his own Richard Nixon-esque enemies list has been met with fierce resistance. [Sam Antar/White Collar Fraud]
• CPA firms face pricing pinch – “After years of gains since the government started keeping track in December 2003, overall prices for CPA firm services plummeted with the onset of recession in December 2007.” [CPA Trendlines]
• Citigroup to Repay $20 Billion of Government Bailout – $25 bil to go. Get on it. [Bloomberg]
Preliminary Analytics | 09.18.09
• Financier Pang Allegedly Had Drugs in His System at Death – “Newport Beach police believe the most likely explanation is that Mr. Pang, 42 years old, committed suicide, according to people close to the matter, but they are awaiting the coroner’s report for a definitive conclusion.” [WSJ]
• Investors, It Pays to Mind the GAAP Gaps – “Companies in the Standard & Poor’s 500-stock index earned an estimated $13.81 a share in the quarter on an operating basis, compared with $13.51 in GAAP earnings. That is the closest those two earnings measures have been since the first quarter of 2000.” [WSJ]
• Fed to screen U.S. bank pay policies: report – Basically, bankers would have to get approval from Dad before getting their allowance. [Reuters]
• UBS Tax Net Snares Clients of Credit Suisse, Julius Baer, LGT – Eventually, just for simplicity and fairness, everyone will have to tell everyone else where they bank. [Bloomberg]
Preliminary Analytics | 11.25.09
• Sixty-Five Percent of Nevada Homeowners Underwater – That’s a lot. [The Atlantic]
• Tax Burdens, Around the World – If you like to complain about taxes, move to Denmark. [Economix/NYT]
• From the Hospital to Bankruptcy Court – “Last summer, Harvard researchers published a headline-grabbing paper that concluded that illness or medical bills contributed to 62 percent of bankruptcies in 2007, up from about half in 2001. More than three-fourths of those with medical debt had health insurance.” [NYT]
• Microsoft CFO to leave, look for bigger job – Team Jehovah must need someone. [Reuters]
• Diners Club franchise sold – The Citigroup garage sale continues. [CT]
• Leadership: A Guest Post from Tenacious Truman [RTA]