If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!“This is the tale of two companies,” Robert Khuzami, Director of the Security and Exchange Commission’s (SEC) Division of Enforcement explained in a public statement announcing the filing of financial fraud charges against Countrywide Financial CEO Angelo Mozilo and [...]
Huffington Post - It’s Up to the Shareholders, Not the Government, to Demand Change at a Company
Deal Journal - AIG: Who is the Keyser Soze Behind the Hank Greenberg Dossier?
The Big Picture - SEC: Credit-Rating Agencies Require More Oversight
Calculated Risk - Mortgage Defaults Spreading to Higher Priced Areas
Huffington Post - Treasury says bank lending declined in February
Huffington Post - Getting Lehman Wrong a Second Time
Mortgage Insider - Obama to propose tougher finance rules
Huffington Post - The Button-Down Mafia: How the Public Accounting Firms Run a Racket on Investors and Thrive While Their Clients Fail
Housing Wire - Mortgage Fraud at All-Time High: Report
Huffington Post - Economic Credibility Gap: Obama Defies His Own Economic Team, Demands Move to [...]
This series has looked at a variety of potential scapegoats for the current financial crisis. None could be blamed entirely for the situation in which we find ourselves, the argument could be made that each agency or program bore some responsibility. The same argument could be made for the common man and his instincts [...]
The American system for regulating banks, stock markets, public companies, taxes and other financial institutions is a patch-work quilt of decentralized federal agencies, state agencies and other regulatory bodies may have played a significant role in the current financial crisis. If it isn’t fixed, some experts contend this cobbled together system will make such meltdown [...]
The Securities and Exchange Commission (SEC) is getting tough on credit rating agencies. A series of measures announced on Wednesday, December 3, would impose additional requirements on the credit reporting agencies in an effort to increase transparency and accountability. Consumers, investors and lenders may even end up getting more meaningful ratings.
These comprehensive rules touch every [...]
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