I read two interesting articles this weekend, amongst many others and lots of Twitter conversations about the inauguration festivities and the financial crisis. One was a wonderful summary by Jonathan Weil at Bloomberg on the role of the Big 4 auditors in the death of the financial organizations.
For sound, press here. Don’t forget to join me tomorrow, live, when you sign up for tomorrow’s ( January 6, 2009) star-studded lineup of litigation lawyers discussing the most important developments in securities litigation in 2008, and the look ahead to 2009. Go here to learn more and to register. This free webcast, scheduled for […]
The “victims” of the Bernie Madoff scandal are not taking their losses laying down. Why are so many suits suddenly being brought against the auditors of the funds that invested on behalf of their clients in the Madoff funds?
Yesterday’s appointment of Big 4 accounting firms PricewaterhouseCoopers and Ernst & Young to oversee the $700 billion Wall Street bailout program is a slap in the face to the American taxpayer.
…Because that’s where the money is! (Interestingly, he was shot by one of his own gang…) For the US Department of Justice, it’s getting to be like shooting fish in a barrel. But how quickly they’ve decided not to prosecute the firm. Is this how it’s going to be from now on? Does it have […]