accounting control fraud
Bloomberg. Could there be a reason why our elite keeps "losing" records of stuff? Could the reason be -- and this link, from Bill Black, is an absolute must read -- to conceal criminal behavior? Read more about Lehman: The dog ate my trading records
[Welcome, Naked Capitalist readers!* If any of you have tips for this series, please feel free to mail me at lambert_strether DOT corrente AT yahoo DOT com. --lambert] Read more about Day 3 of the "Why Won't #Krugman Post On Bill Black?" Watch
Regulators conducting the stress tests are increasingly focusing on the quality of loans banks made after finding wide variations in underwriting standards, a regulatory official said on April 20. They concluded that banks’ lending practices need to be given as much weight as macroeconomic scenarios in determining the health of each bank, the person said.
It's definitely night time for the economy, so why isn't the dog barking? Curious! Read more about So where's the #Krugman column on Bill Black and accounting control fraud at the banks?
S&L scandal's William Black on Bill Moyers: Tim Geithner "covering up" massive fraud by bailed out banksters
(For William Black, see Corrente on 2009-02-17; he's the S&L enforcer who took down Charles Keating, back in the day when we had a regulatory structure). Here's the Bill Moyer's transcript; trying to excerpt from it is like trying to excerpt a nuclear explosion, so read it all: Read more about S&L scandal's William Black on Bill Moyers: Tim Geithner "covering up" massive fraud by bailed out banksters