•Oil Price to Match Record $147 in Three Years, Pickens Says – And he says in ten years it will be $300 a barrel. Anyone listening? We didn’t think so [Bloomberg]
•Pope Calls for New Economic Structure – Shit your holiness, you want the job? [Washington Post]
•Greenberg’s Starr Prevails in AIG Court Fight – “A jury on Tuesday rejected claims that a sister company to American International Group Inc., at the direction of Maurice R. “Hank” Greenberg, AIG’s former chief executive, improperly seized control of millions of shares of the insurer’s stock.” [WSJ]
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Review Comments | 09.28.09
• Last day for our poll on the Year Ahead and be sure to submit your captions for the Emmys.
• Allen Stanford Can Take A Punch – Probably a small disagreement over some Lucky Strikes. [DB]
• Ex-Enron Broadband Co-CEO Sentenced for Wire Fraud – Does this mean that Enron on the stage will have to do a re-write before coming to the States? [Bloomberg]
• Treasury Department to Examine ACORN’s Compliance With Tax Laws – Surely this isn’t as bad as it sounds. [TaxProf Blog]
• SEC Charges Detroit-Area Stock Broker Who Lured Elderly into $250 Million Ponzi Scheme – Fundamentally disrespecting the elderly. In Detroit no less. This is some special kind of Ponzi Scum. [SEC.gov]
• Axa chief attacks accounting rules switch – Says accounting rules are ‘too important to be left to accountants’. Right. Because insurance companies and governments have such kick ass track records on the subject. [FT]
Review Comments | 10.12.09
• Washington: First in War, Peace — and Accounting – Father of the Country apparently knew his debits and credits. He even documented his gambling losses to keep the those filthy bookies off his back. [Washington Post]
• Chicago Cubs file Ch. 11 bankruptcy – Just to move things along. [Chicago Tribune]
• National Association of Business Economists: ‘Great recession is over’ – How many times is this thing going to get called? [Denver Business Journal]
• Wesley gets ‘Sniped’ – Tax problems simply aren’t enough. Let’s throw some Ponzi related victimization. It may be time to seriously consider White Men Can’t Jump 2. [NYP]
• SEC Adds to KB Home’s Troubles – “In a quarterly filing Friday with the Securities and Exchange Commission, KB said the SEC staff has issued a ‘formal order of investigation…regarding possible accounting and disclosure issues.'” – Never good. [WSJ]
Review Comments | 10.26.09
• Rajaratnam Changes His Defense Counsel – Raj is going to the bullpen early. [DealBook]
• Tannin ‘Blow Up’ E-Mail Won’t Be Seen by Fraud Jury – “U.S. District Judge Frederic Block in Brooklyn, New York, ruled that the government’s search warrant filed in July with Google Inc. to obtain access to the e-mail was overly broad and ‘did not comply with the Warrants Clause of the Fourth Amendment.'” [Bloomberg]
• McDonald’s closes in Iceland as currency collapse takes a bite out of Big Mac profits – Just doesn’t seem right. [AP via CT]
• Senate Health Bill Includes Public Option – …Annnnd there goes the filibuster. [WSJ]
• IRS Unit to Target High-Income Tax Evaders – The Global High Wealth Industry group will be your official government carriers of pitchforks and torches. [WSJ]
• Madoff Investor Said to Have Drowned [NYT]