The Bailout of AIG: Mission Accomplished?
Did the government make a profit on its sale of AIG shares last week? Is that even the right question to ask? The former Special Inspector General of TARP Neil Barofsky and I think it’s not.
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The Fannie Mae Freddie Mac Takeover – Now We’re Holding The Bag
/12 Comments/in Pure Content…And let me make clear what today’s actions mean for Americans and their families. Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe. This turmoil would directly […]
Live From The Capital Markets Summit
/1 Comment/in Audit QualityThe summit started a little slowly. One panel included Steve Bartlett of Financial Services Roundtable. He rattled off several proposed reforms they are putting on the table for legislative action. Then they didn’t allow questions from the audience in order to stay on schedule. One proposed reform is to allow the audit firms to raise […]