Subprime lending

JP Morgan has a lot of explaining to do

November 4, 2008 General

In comments to this post but more fully explained on his own site, Richard Murphy holds out great hope for the global reform of the tax system. He believes: It will be hard for Obama not to deliver on some things Throughout the campaign he has focussed on tax havens. He has his name on [...]

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FAS 157 giving US bankers a hard time

July 2, 2008 General

Courtesy of James Governor, I see the New York Times is coooking up a storm over the ‘fair value’ rules being applied under FAS 157. In one corner we have the US investment banks, distressed to find their assets over valued under FAS 157. In the other corner we have commenters, largely calling out Stephen [...]

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