Jr Deputy Accountant

• Barney Frank as Bernanke's Pen Pal and Minneapolis Fed's Next Too Big to Fail

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  This is both funny and sad at once.
  
  Barney Frank wrote Ben Bernanke to ask him to lay off of banks, claiming that the Fed's over-regulation is spooking them into not lending. LMFAO! The Fed! Over regulating banks into submission!! LOLOLOLOLOLOL
  
  [...]
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  Posted: November 04, 2009, 11:29pm EST
  by Jr Deputy Accountant

• JP Morgan Settles for Pennies on Jefferson County Derivatives Scam, County Still Bankrupt

  Number of comments: 2
  
  
  
  If you look at this from the perspective of JP Morgan, a few million is nothing. Imagine they do this in 50 different counties around the country and only get caught once or twice, that's a paltry $50 million plus some fees they [...]
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  Posted: November 04, 2009, 6:01pm EST
  by Jr Deputy Accountant

• The Fed Will Remain Exceptionally Chickensh*t for an Extended Period of Time

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  Sorry, I tried to come up with a more appropriate, mildly professional headline for this but I'm pretty much fed up (no pun intended) and refuse to waste my good words on those chickenshit bastards at the Fed with not even one low-hanging' [...]
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  Posted: November 04, 2009, 5:06pm EST
  by Jr Deputy Accountant

• Via Going Concern: Take Your Sarbox and Shove It (and Take the PCAOB With You)

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  I really need to work on being less angry I think. I swear I'm not an angry person. Anyway, I went off on Going Concern again today:
  
  Sarbanes Oxley (here, since no one even knows what it means anymore) is on' [...]
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  Posted: November 04, 2009, 1:19pm EST
  by Jr Deputy Accountant

• Frontrunning the FOMC: November

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  The Big Picture has a pretty right-on guess as to what the Fed had to say amongst themselves, so don't expect any bombshells at 2:15, it's merely nuance:
  
  As the FOMC begins their 2 day meeting, the key focus I believe' [...]
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  Posted: November 04, 2009, 11:45am EST
  by Jr Deputy Accountant

• Dear Gavin, Please Come Back to Us

  Number of comments: 1
  
  
  Now that Gavin Newsom has given up on becoming governor (when did that happen? Somewhere between furlough Fridays and IOUs?), I think he is depressed and needs comforting.
  
  SF Gate:
  
  Unfortunately, there's important and immediate mayoral business to attend to. When [...]
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  Posted: November 04, 2009, 11:00am EST
  by Jr Deputy Accountant

• What Confidence in the SEC?

  Number of comments: 2
  
  
  
  Can someone please define "confidence"?
  
  AICPA Journal of Accountancy:
  
  A group of key stakeholders in U.S. capital market regulations sent a joint letter to the leaders of the House Financial Services Committee to discourage possible proposals that would realign the [...]
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  Posted: November 04, 2009, 8:00am EST
  by Jr Deputy Accountant