• Goldman, Buffett Team to Aid Small Businesses – WB says some small business need some help with certain things, ‘Sometimes people lack basic business skills, like accounting.’ Accounting and folksy sexual innuendos? He’s already got it figured out. Take note people. [WSJ]
• How to Wreck Your Company’s Valuation – Step 1: Hire an auditor of questionable ethics. [CFO]
• Lions Ex-Stadium, Once Super Bowl Host, Sells for $7.25 a Seat – Or $583,000. [Bloomberg]
• Chance of Great Depression Now 5%… – 20 to 1? Takers? [Brad DeLong]
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Preliminary Analytics | 09.15.09
• Citigroup Explores Bid to Pare U.S. Stake – “Citigroup officials said they planned to raise outside capital in order to repay the outstanding bailout funds. Treasury officials responded to Citi that they didn’t object to the company paying back Washington as long as Citi first raised offsetting capital” In other words, everyone calm down. It’s more like Citi actually got the stones to call up the Treasury. At this point, Treasury is still a little grossed out. [WSJ]
• Bank of America Ruling Leaves SEC With Few Options for Pursuit – Judge Rakoff: ‘the proposed consent judgment was a contrivance designed to provide the SEC with the façade of enforcement and the management of the bank with a quick resolution of an embarrassing inquiry.’ So much for winning anybody’s respect Schapester. [Bloomberg]
• A Tough Crowd on Wall Street – Shockingly, very few lined up to congratulate the President on the speech, which probably caught him off guard a little bit. [NYT]
• How accounting changes can create a world of investment banks – So, accountants will be blamed for the next crisis too? Awesome. [FT Alphaville]
Preliminary Analytics | 11.19.09
• Better Paydays Ahead – “Many employers are planning to reinstate merit increases in 2010, but some compensation experts say base salaries are unlikely to return to pre-recession levels anytime soon, if ever.” Probably not what you had in mind. [WSJ]
• Reid $849 Billion Measure Widens Health Coverage, Cuts Deficit – “Senate Majority Leader Harry Reid unveiled an $849 billion health-care plan that would create new government competition for private insurers, cover almost all Americans and raise a payroll tax on the highest earners.” [Bloomberg]
• Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired – This smells desperate. [Naked Capitalism]
• Exclusive: GM Must Pay Debt, Make Money Before IPO – ” General Motors
• Bill Richardson’s Awkward Link To Alleged Ponzi Schemer – Apparently Hassan Nemazee’s firm has a four year contract to manage money for the Land of Enchantment. Yeah, that is awkward. [Forbes]
Preliminary Analytics | 12.15.09
• Obama and Buffett May Be Distant Cousins – So there’s that. [NYT]
• Continuing The Conversation: If Auditors Weren’t There, Why Not? – “If no one but me asks, since no one cares, then what are we doing here?” [Re: The Auditors]
• Christmas Gift Ideas for Accountants & Auditors – A “genuine and truly useful list” that will help you avoid the ‘Accountants do it with Double Entry’ t-shirt. [The Accounting Nation]
• Wells Fargo’s TARP Plan Brings End to Bailout Era – Oh, so it’s an “era” now? [DealBook]
• Four Cups of Coffee or Tea Daily Lowers Diabetes Risk – Just keep the breath freshener handy. Thanks. [Bloomberg]
• Christmas Gifts for that Special Tax Person – For the accountant who also enjoys the occasional WWE event. [TaxProf Blog]