“Bernanke fiddled while our markets burned”
~ Richard Shelby, Republican Senator from Alabama during the Senate debate on Ben’s second term as Fed Chairman.
Related Posts
Thumbs Up or Down on Financial Regulatory Reform?
- Caleb Newquist
- July 16, 2010
“The answer to that question for both proponents and detractors of the bill is to read it. All of it. Then decide.“
~ Steven M. Davidoff, the Deal Professor, read all 2,300 some-odd pages and just assigned all of you some homework. It’s going become law after all.
IFRS: Four. More. Years.
- Caleb Newquist
- December 7, 2010
Comments reflected “a lot of unanimity around, if we go in this direction, allowing sufficient time for companies to adjust,” said Schapiro in a question-and-answer session following her keynote address to the American Institute of Certified Public Accountants’ national conference on accounting and auditing issues for public companies. “It’s likely to be a minimum of four years,” but that’s still a point for the SEC to decide, she said, assuming it decides to incorporate IFRS into U.S. capital markets. [Compliance Week]
The FASB Is Prepared for the Wailing and Gnashing of Teeth
- Caleb Newquist
- May 27, 2010
“[It] will not be very warm.”
~ FASB Chairman Bob Herz, on the financial services industry’s reaction to the Board’s new proposals for valuing loans and loan-like instruments at their market value.