October 3, 2008
Last week’s posting ended with this question: “What does a poorly run financial institution have to do to get a qualified opinion from its auditors?” Evidently I’m not the only person asking this question.A small army of lawyers is asking or planning to ask Big 4 bigwigs the same question – in court. In fact [...]
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September 26, 2008
Does anyone remember the old banking maxim: “If you owe the bank a little bit, the bank owns you — but, if you owe the bank a lot, you own the bank?” Looks like this is a truism, because “We the People” now own the banks, and the insurance companies, and the investment banks, too. [...]
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