The danger in China's off-balance sheet shell game is that a good percentage of the original loans have been made to companies with oodles of political clout but absolutely no chance of every repaying the loan.
nytimes.com | FLOYD NORRIS | Posted 12.11.2009 | Business
Did accounting help cause the financial crisis? A minuet playing out now is showing that the answer is yes -- but not in the way the banks want us to...
HuffingtonPost.com | Ryan Grim | Posted 12.07.2009 | Business
The American Bankers Association is glad that the House Financial Services Committee made a number of changes to a financial reform package that it re...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.19.2009 | Business
A House panel approved a provision Thursday that calls for a new oversight body dominated by bank regulators to advise on accounting rules for banks, ...
HuffingtonPost.com | Ryan Grim | Posted 11.16.2009 | Politics
In the midst of what was supposed to be a Congressional push for increased financial regulation and accountability, a powerful coalition of moneyed in...
Washington Post | Joel Achenbach | Posted 10.12.2009 | Business
One day in 1791, President George Washington received a bill for 60 pounds, 1 shilling and 7 pence from his physician friend James Craik, who regularl...
HuffingtonPost.com | Ryan Grim | Posted 06.28.2009 | Business
Look for another rosy round of profits when banks turn in their numbers for the second quarter ending in June when it will be legal for them to improv...
Larry Arnstein | Posted 05.06.2009 | Business
According to investment bankers, the Brooklyn Bridge can be assessed at its value at some future time, not precisely estimated, but agreed to be "not soon."
Jeremy Newman | Posted 04.04.2009 | Business
Frank-Walter Steinmeier, the Social Democrat candidate to be the next German Chancellor, has a new take on Fair Value Accounting. He criticized it and said it had encouraged risk taking.
Doug Struck | Posted 03.13.2009 | Business
Economists use the term "human capital," but nowhere in accounting principles are people counted as an asset -- only as an expense.
Ryan Blitstein | Posted 12.07.2008 | Chicago
Here's an item from the "stories buried by the onslaught of election news" department: Big Four accounting firm Deloitte & Touche sued Thomas P. Flanagan, a partner for 30 years, in Delaware court last week.
Stephen C. Rose | Posted 11.27.2008 | Business
These economic notes are consistent with the conviction that Barack should steer clear of advisers who were taken in by, or complicit in, the rape of regulation of the last decade.
James Jubak | Posted 12.24.2009 | Business