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13 Dec 2009, 6:26 am
NAB later announced two write-downs totaling $2.2 billion due to recalculations in the value of HomeSide’s mortgage servicing rights. [read post]
11 Dec 2009, 11:38 am by James Hamilton
Currently, there is no system in place to responsibly shut down a failing financial company like AIG or Lehman Brothers. [read post]
9 Dec 2009, 2:52 pm
” Under the Supreme Court’s precedent in Edmond v. [read post]
9 Dec 2009, 4:43 am by Broc Romanek
Parsing the Oral Arguments: FEF and Beckstead & Watts v. [read post]
7 Dec 2009, 4:13 am by Broc Romanek
I'm happy to say that I'm heading down there this morning to watch the Supreme Court deliberate the future of the PCAOB (and possibly reshape other aspects of Sarbanes-Oxley too - see this Bloomberg article) when it considers Free Enterprise Fund v. [read post]
3 Dec 2009, 1:03 pm by Greg Herman-Giddens
But many Republicans called for permanent repeal of the estate tax, arguing it hurts families that pass down farms and small businesses to their children. [read post]
20 Nov 2009, 2:53 pm
(PCAOB members are appointed by the SEC.) [read post]
19 Nov 2009, 4:13 pm by Hedge Fund Lawyer
The Account Statement must be signed in accordance with paragraph (h) of this section. (1) The portion of the Account Statement which must be presented in the form of a Statement of Operations must separately itemize the following information: (i) The total amount of realized net gain or loss on commodity interest positions liquidated during the reporting period; (ii) The change in unrealized net gain or loss on commodity interest positions during the reporting period; (iii) The total amount of net… [read post]
19 Nov 2009, 8:03 am by Mark J. Astarita, Esq.
Profession Bainbridge posted an outstanding analysis of the decision at his corporate law blog, titled "The Second Circuit’s Egregious Decision in SEC v. [read post]
15 Nov 2009, 5:43 pm
 As the Galleon liquidation too vividly shows, a lapse in operational oversight can and will take down an entire organization. [read post]