When accounting goes unaccounted for
In the spirit of Internet lists, we humbly present public accounting positions, ranked from best to worst. You are welcome to bicker about this ranking in the comments.
1. Intern
2. Associate
3. Partner
4. Senior Manager
5. Manager
6. Stubbing your toe
7. Senior Associate
Ralph Janvey, the court appointed receiver in the Allen Stanford “where’s the f’n money Lebowski” case is what some people might call, shrewd.
Janvey is fighting to have certain brokerage accounts held by investors frozen because the holders of said accounts made principal withdrawals prior to the uncovering of the fraud.
The SEC kinda, maybe thinks that this is a little overboard and filed papers opposing Janvey’s suing of what the Commission calls “innocent fraud victims”.
We’re thinking that since Janvey is on the wildest of wild goose chases, he has had to resort to suing regular people that had the fortunate dumb luck to pull their money out of a Stanford Bank Institution garbage bag prior to the poop + fan.
SEC Opposes Motions in Stanford Case [WSJ]
Ben Bernanke has a new job, and hopefully won't screw everything up for all of […]
You may have noticed that the posting schedule here at GC has ran a bit longer the past few days. This is no accident. We were given a friendly reminder on Monday:
Caleb, this is busy season, I expect review comments an hour later for the next few months. That is all.
Well! Since we’re always with you in spirit, we’ll be happy to oblige this request.
We failed to mention it in our outlook on Tuesday since we figured it was understood that the new year marks the beginning of the end of your lives for the next 3ish months.
Then we remembered that it has been prophesied by many of you that this particular busy season will be the worst in recent memory due to layoffs and the ongoing (?) exodus.
So we present you with our busy season open thread. Discuss whatever you like. Will it indeed be the worst ever or will you dominate as usual? For some of you, it’s your first busy season. Are you soiling yourself from all the horror stories or have you found the right drug cocktail to keep you both focused on your work and oblivious to time passing? Go.