“[It will] help prevent another financial crisis like the one that we’re still recovering from.”
~ President Barack Obama on the financial reform bill.
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Exquisite Insults: PCAOB Edition
- Caleb Newquist
- October 1, 2010
“The Accounting Board Is a Sinecure Qua Non”
~ Headline over at Bloomberg BusinessWeek
New Jersey Nets Fans May Have Gotten Ripped Off
- Caleb Newquist
- August 24, 2010
“She promises to significantly reduce their IRS tax debts, but instead preys on their vulnerability, taking large up-front payments but providing little or no help in lowering their tax bills.”
~ California Attorney General Jerry Brown isn’t impressed with Roni Deutch’s advertising. And the Nets likely have one less way to try and draw crowds.
This Fall, It’s Do or Die for Accounting Rule Convergence
- Caleb Newquist
- July 7, 2010
“If we can’t get converged (on financial instruments), it would suggest the convergence effort is going to be challenged and questioned on a significant basis.”
~ FASB member Tom Linsmeier levels with everyone on the FASB’s big test in the convergence process this fall.