Sweetheart Deal for Rating Firms
Too little, way too late: "Under fire for the high ratings they awarded to subprime mortgage securities, three large credit rating...
FASB Bombshell: FAS 140 to Eliminate QSPEs
The "qualified special-purpose entities" (QSPE) — those not unlike Enron-style SPVs in which many leveraged financial...
Herb Greenberg’s 5 Simple Lessons
In case you didn’t know, Herb Greenberg has retired from WSJ and Marketwatch to go into "private practice." For his final...
Copyright, Links, Fair Use & Reproduction
I get requests from publishers to link to, and/or reproduce, content here all the time. Copyright law is pretty clear as to what is...
Feds Expand Mortage Fraud Investigation
You mean not following Federal banking laws is a crime? Who knew?! "Federal agencies are intensifying a criminal investigation of...
So Long, and Thanks For All the Fish!
Spitzer has officially resigned. I was trying to come up with a clever headline for his resignation, but the best I could come up with...
Ode to NYS Governor
From one of the comments on our earlier post: Get ready for Monica-Bill redux The Media gorging, raking mucks Oozing glee from all their...
Bloomberg & ABC TV Says Spitzer Resigning
Both ABC and Bloomberg TV, citing sources, said Spitzer was going to announce his resignation as Governor of NY. Briefing.com had...
Who Painted Ambac’s Tape?
Have a look at this run of transactions in the stock of Ambac (ABK) on Friday: > Source: Bloomberg Data Services >Here’s why...