History[ edit ] The idea for a business news program had come from Susan J. Moran developed the program concept and the editorial staff expanded to launch NBR.
Feb 27, Blog: Here's a staggering figure to contemplate: Let's break that down: Enron and Worldcom had been laid at the door of deregulation, and Sarbanes-Oxley was suppose to correct a lot of that; placing a lot of responsibility on SEC.
However, in the recent congressional Madoff Ponzi scheme hearings, the person that had been trying for a decade to get SEC to something about Madoff, basically said SEC wasn't doing anything. Two more scary words: Basically executives significantly fiddle filings boosting their compensation.
Later the statements may be revised, but the bonuses aren't forfeited.
The database consists of two files: It is foolhardy to rely on the three New York-based companies, said Keith Allman, chief executive officer of Enstruct Corp. Supposedly the seeds of this was created in the early 70s when the rating agencies switched from the buyers paying for the ratings to the sellers paying for the ratings, misaligning the business process and opening the way for conflict of interest.
Supposedly Sarbanes-Oxley also required SEC to do something about the rating companies, but there doesn't seem to be anything but this report: After the repeal, there were a lot of large regulated financial institutions buying up triple-A rated toxic CDOs and carrying them off-balance: Stay away from Citigroup http: These off-balance sheet entities are similar in structure to Enron's SPVs special purpose vehicles That abuse became apparent when regulators provided guidance allowing banks to work out troubled loans held in off-balance-sheet structures without sacrificing off-balance-sheet accounting; that permission was the smoke signal indicating financial institutions were more involved in the assets than the accounting literature would intend to qualify for off-balance-sheet treatment.
Even though it should have never been allowed to begin with, this is another too big to fail scenario Citi had already won last year's "write-down" sweepsteaks with large tens of billions.
If valuation is still 22cents on the dollar Reserve requirements of members banks should be changed so as to be based not solely upon volume of deposits but also upon rapidity of their turn-over, thus checking excessive speculation, say Eugene R.
Black and Federal Reserve Board,"Uncontrolled" because even where made indirectly through banks, reserves against such loans were not required and because completely unregulated, said Charles H.
Scheer Brokers' loans made by corporations aided to create speculative mania in years prior totestifies Otto H. There is also an analogy between the "Uncontrolled loans made indirectly through banks" in the 20s and the financial institutions that were buying up triple-A rated toxic CDOs and carrying them off-balance.
Fri, 27 Feb Of course, with all this in place you can dispose of the ".Trevor Noah and The World's Fakest News Team tackle the biggest stories in news, politics and pop culture.
Dec 31, · Watch Nightly Business Report - Season , Episode - NBR for December 31, Top stories include: We look back at the year for investors.
Plus, we salute Paul Kangas, who wraps up. Paul Henry Kangas (April 14, – February 28, ) was the Miami-based co-anchor of the PBS television program Nightly Business Report, a role he held from , when the show was a local PBS program in Miami, through December 31, He was known for signing off each NBR broadcast with "I'm Paul Kangas, wishing all of you the best .
Dec 31, · Tonight on Nightly Business Report, as we close out , what can investors expect in the first month of ? We will cater to any facility/home/business. Minimum is 10 people and maximum is your choice. Call for Michael or email Michael at [email protected] Kangas last day on air will be Dec.
31 by · December 29, Paul Kangas, the co-anchor of “ Nightly Business Report ” on PBS for the past 30 years, will appear on the air for the last time on Dec.