Man with a Tan Needs a Plan
This morning’s news blip is this little ditty on Countrywide CEO Mozilo: "The Illinois attorney general’s office, which...
Dirty Tricks at Lehman?
Today’s must read commentary: naked capitalism calls shenanigans on Lehman Brothers illegal leak of an insider memo to CNBC’s...
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...