SEC: Fair Market Value might be "disorderly" or cause liquidity problems
Body: SEC Loosens Accounting Rule Banks Blame for CrisisThe standard, also known as "mark to market," has led portfolios to plunge in recent months as banks affixed fire sale prices to their assets, a...
View ArticleWho does Thomas Donahue really represent?
Body: Thomas Donahue is the President of the US Chamber of Commerce and is coordinating a multimillion dollar campaign against health care reform. He is also is on the board of Sunrise Senior Living, a...
View ArticleWant access to your money market account? A proposed rule by the SEC could...
Body: A money market account is a savings account that tries to offer a low rate of return in exchange for relative safety.Zero Hedge:[A] typical investor in a money market seeks minute investment...
View Article“Too Big To Fail/Too Big To Go To Jail” with Lotsa Media Help: Danny...
Body: The following are excerpts from Danny Schechter’s article, “We Can't Let the Banksters Walk Away from Their Crimes”:Although the financial crisis that swept the world may have started on Wall...
View ArticleSEC Charges Desiree E. Brown for Role in Securities Fraud and TARP Scheme
Thread: CorporatismTags: SECTARPCityBizListThe SEC alleges that Desiree E. Brown, the former treasurer of Taylor, Bean & Whitaker Mortgage Corp. (TBW), helped enable the sale of more than $1.5...
View ArticleSpineless Oversight Protects & Encourages Poisonous Snakes
Body: Barry Grey in wsws:Just last month, Neil Barofsky, the former special inspector general for the $700 billion Troubled Asset Relief Program (TARP), gave an interview on the occasion of the...
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