• S.E.C. Likely to Charge More People in Galleon Case – Judge Rakoff wants the names by December 15th. Trial set for August 2, 2010. The legal system easily outpaces anything related to accounting rules. [DealBook]
• Warren Buffett: Tax Hypocrite? – The man is nothing if not thrifty. [TaxProf Blog]
• Breaking: Jones v. Minkin Dismissed!!! (Plaintiff voluntarily dismisses lawsuit against ATL.) [ATL]
• Investor Groups Stump for FASB Independence – FASB defenders. Yes, they exist. [Compliance Week]
• FASB Oversight Subject of Congressional Interest – Who knew so many people were interested in accounting rule-making? [FEI Financial Reporting Blog]
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Review Comments | 09.25.09
• Don’t forget to submit your captions and vote in the ‘Year Ahead’ poll
• Area Man Has One Month To Prove Why Bank Of America Owes Him 1,784 Billion, Trillion Dollars – Is this the ‘American Taxpayer’ we keep hearing about? [DB]
• BofA Formally Answers SEC Complaint – Deny ’til you die. [WSJ]
• AT&T Asks FCC to Investigate Google Voice – Ma Bell a snitch? [WSJ]
• Crowe Horwath Expands in Brazil and China [Web CPA]
Review Comments | 12.17.09
• Rangel Introduces Mutual Fund Tax and Regulation Bill – Charlie Rangel. Working for you. [TaxProf Blog]
• SEC: Negative Equity Doesn’t Mean No Impairment – This implies that this rationale worked on someone at some point. [Compliance Week]
• Is Your NFP in Danger of Losing Tax-Exempt Status? – “The IRS requires that if an organization has not filed any version of the Form 990 for three consecutive years, it will automatically lose its tax-exempt status on the due date of the third year.” [CB&H Not-for-Profit Blog]
• Senate Panel Backs 2nd Bernanke Term – Much to the dismay of some. [WSJ]
Review Comments | 08.17.09
• Facebook’s Evil, Genius Plan to Own Your Life – Was there ever any doubt that this was the plan? [The Atlantic]
• Three Indicted in Major Hacking Case – “Three men were indicted Monday on federal charges of conspiring to hack into computer networks of major U.S. retail and financial organizations and stealing data related to more than 130 million credit and debit cards.” [WSJ]
• Sordid Penn Station Needs Overhaul for $9 Billion Tunnel Link –For the love of all that is good and holy why not use $9 billion get the human feces out of there? [Bloomberg]
• A.I.G. to Pay New Chief Executive $7 Million a Year – Seven million times more than the last one. Appears reasonable. [DealBook]
• Federal Prosecutors May Let Andy And Mark Madoff Enjoy Labor Day Weekend – Because it’ll be your last! [Dealbreaker]