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Preliminary Analytics | 09.11.09

sexy accountant.jpgAccountants Misled Us Into Crisis – Yes. You. [Floyd Norris/NYT]
Prosecutors Are Poised to Impanel AIG Grand Jury – “In the AIG matter, the swaps at issue led to billions of dollars in write-downs for the insurer after PricewaterhouseCoopers LLP, its auditor, said the process AIG used to value them was flawed. Pricewaterhouse could be called to testify about, among other things, the way in which it came to determine there was a material weakness in the internal controls used by Mr. Cassano’s group to value the swaps, the people familiar with the matter said.” [WSJ]
Bloomberg Among Potential Bidders for McGraw-Hill’s BusinessWeek – Whether the Big 4 remains on the Launch list remains to be seen. [WSJ]
New Charges in Stanford Case – “Mr. Perraud arranged for a shredding company to come to the office and supervised the shredding of a 95-gallon bin full of documents, the indictment said.” This guy thought he knew how to destroy documentation. Fool. Leave that to us. [Reuters via NYT]