• BofA fails to meet congressional deadline – In a move that is either ballsy or just plan stupid, KL and his merry band of mates decided that the deadline wasn’t a real deadline. [Reuters]
• Did Wells Fargo’s Auditors Miss Repurchase Risk? (WFC) – Our contributor, Francine McKenna’s, take on WFC and KPMG and the parallels to New Century. [Clusterstock]
• Congressional Report Says A.I.G. Has Stabilized – Whether or not they pay back the gazillion dollars they owe the Treasury is another matter entirely. [NYT]
• High-Yield Bond Buying Starting to Get ‘Ridiculous’ – That’s more like it. [Bloomberg]
Related Posts
Review Comments | 01.11.10
• H&R Block adds razzle-dazzle to tax prep in Times Square – So now tourists can get their tax returns done while they wait for their table at TGI Fridays. Just like at home! [NYDN]
• Can Goldman Sachs Bankers Deduct “Forced” Charitable Contributions? – Populist rancor will not subside until Team Jehovah is paying all our taxes every year for the rest of our lives. That’s the only fair solution here. [TaxProf Blog]
• SEC Won’t Seek Civil Charges for BofA Executives, Directors – But they are seeking new charges so let’s not get too excited Charlotte. [WSJ]
• Moss Adams Chair to Lead Private Companies Panel – Rick Anderson will chair the blue ribbon panel on private company GAAP. [Web CPA]
Review Comments | 11.09.09
• Cadbury Sneers at Kraft’s Hostile Bid – Cadbury is not about to accept such a ‘derisory’ offer of $16 billion. [WSJ]
• Not Music to Most People’s Ears – Rats are invading your city. [Financial Armageddon]
• AIG Will Be Able to Repay Fed Loan, Moody’s Says – It’s fair to point out that Moody’s also said that AIG was AAA. [Bloomberg]
• Economists Seek to Fix a Defect in Data That Overstates the Nation’s Vigor – Federal data is bupkis? The horror. [NYT]
Review Comments | 11.17.09
• IRS Hails ‘Historic’ Response To Amnesty For Offshore Bank Accounts – Scare tactics work. [NPR]
• SEC in talks with IRS about preserving tax breaks for LIFO – Wouldn’t be so good for the likes of ExxonMobil if the breaks went away. A study says it would increase XOM’s tax liability by $9 billion. Lobby much? [CFOZone]
• Sheep Dogs and Stewardship — Why Groom the Next Generation? – “The demands on the recruiting directors of the banks and law firms and accountants are not different. They manage their personnel pipelines because, as a senior Big Four partner put it in a moment of candor, ‘the only reason we hire new staff is so we can re-stock our need for managers.'” [Re:Balance]
• Bill Belichick, Moneyball Savant? – Pats fans, turns out Belichick knows what he’s doing. [TaxProf Blog]
• The Football Plays We Don’t See – No, he really does. [Tax Update Blog]
• President Obama Establishes Interagency Financial Fraud Enforcement Task Force – No less than 23 government agencies, offices, and departments will be involved. How’s that for a dense bureaucracy? [SEC.gov]
• Don’t forget to vote in our two polls from today: Non-profits/Govts and ditiching the bad boss for less scratch. Plus today is the last day to submit a caption for the water closet audit room.