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accounting

BofA CEO Lewis investigated by SEC

Ken Lewis, the embattled CEO of Bank of America, has recently admitted to being coerced by U.S. Government officials to consummate the Merrill Lynch acquisition. The problem for Lewis is he may have neglected his fiduciary responsibility…

The Fake Recovery

This April 2009 post is holding up well and still describes my view on the economic situation in the United States. I am much more confident that the cyclical forces I described here are leading to a recovery. The question now has to do…

A few comments about mark-to-market

Because I received a message via e-mail that my previous post on mark-to-market was misleading, I thought I would clarify what is happening with FAS 157 and provide some good links. The long and short of the rule is it gives more…

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