• SEC’s Khuzami ‘Skeptical’ of Auditors’ Claims on Privilege – Privlege shmivlege. [FEI Financial Reporting Blog]
• Obama Proposes $12,000 “Cash for Caulkers” Program – Including the most immature montage ever. [TaxProf Blog]
• Overstock.com and Patrick Byrne Have an Enemies List That Includes Friends and Family Members of Critics – Using Facebook no less. Anyone surprised? [Sam Antar/White Collar Fraud]
• Madoff Auditor Plea May Signal Other Probe – Tax charges thrown in with David Friehling’s guilty plea may indicate that prosecutors may be building a case against other Friehling clients including the Madoff sons. [WSJ]
• Broadcom Co-Founder Cleared in Backdating Probe – “U.S. District Judge Cormac J. Carney made the announcement after Samueli, owner of the NHL’s Anaheim Ducks, spent two days testifying for the defense in the fraud trial of a former executive for the telecommunications chip maker. ”You have restored my faith in the criminal justice system,” an exhilarated Samueli told the judge in federal court in Santa Ana.” Avoiding prison will do that. [AP via NYT]
Related Posts
Preliminary Analytics | 12.03.09
• Estate Tax Debate to Begin in U.S. House Amid Clash on Limits – Can this get sorted out in four weeks? “Unless Congress acts, the estate tax would be replaced in 2010 by a capital gains tax on all but the first $1.3 million in inherited assets including homes, stock certificates, stamp collections and livestock.” [Bloomberg]
• Goldman Takes Offensive on Pay – Explaining why the Almighty’s foot soldiers are worth every penny to investors should be a snap. [WSJ]
• Tax Cut-Off for Deductible Donations – “Few things upset a year end donor more than being told his gift will not count as a current year contribution and thus not be a current year IRS tax deduction.” [Aronson Nonprofit Report]
• The NBC Universal Sale, by the Numbers – This is what it’s all about, isn’t it? [DealBook]
• Comcast Readies Itself for Long Regulatory Fight – Oh right, there is the small matter of convincing the Feds that this is good for everyone. [Media Decoder/NYT]
Preliminary Analytics | 01.13.10
• SEC to Name Investigative Chiefs – Robert Khuzami will name the five new members of the dream team are expected to be named at a press conference today. [WSJ]
• California Creditors See IOUs With Schwarzenegger Missing Obama – Those ‘skinny legs’ and ‘scrawny little arms’ comments are really working so well for Arnie. [Bloomberg]
• Panel Seeks ‘Accountability’ In Financial Crisis – Once Phil Angelides (and others) get to the bottom of this, “There’s a need for accountability and responsibility” said Angelides, the blame will be official. That will be comforting for everyone. [NPR]
• Questions for the Big Bankers – From some experts the NYT picked. The word “bonus” or “bonuses” appears ten times. [NYT]
• Google Threat Jolts Chinese Internet Industry – Google has had it up to here (hand to forehead at least) with the censorship and is threatening to pull the plug altogether. [WSJ]
Preliminary Analytics | 11.04.09
• Buffett Joins Goldman in Bid for Fannie Mae Tax Credits – “The credits are virtually worthless to Fannie Mae and require the company to take losses each quarter as their value declines. Companies such as Berkshire Hathaway and Goldman Sachs could use them to offset federal tax expenses.” Who doesn’t hate seeing good tax credits go to waste? [WSJ]
• Congress Poised to Keep Homebuyers’ Tax Credit – Despite toddlers’ insistence of homeownership and widespread SNAFUs, the bill could pass as early as today. [NYT]
• AT&T sues Verizon – AT&T doesn’t think the map commercials are funny or accurate. [NYP]
• ‘Osama’ Funding Appeals as U.S. Independent Filmmakers Hurt – Desperate times, right? Just so long as you don’t have any political aspirations. [Bloomberg]
• Surprise! NJ Doesn’t Like High Taxes – “New Jersey holds the distinction of the state with both the highest property taxes per capita and the worst business tax climate in the nation, according to the Tax Foundation.” [Tax Girl]
• Fears of a New Bubble as Cash Pours In – “Behind the trend are measures such as cutting interest rates and pumping money into the financial system, which have left parts of the world awash in cash and at risk of bubbles, or run-ups in asset prices beyond what economic fundamentals suggest are reasonable.” [WSJ]