These are my links for January 3rd through January 7th:
- Investing Together: The case for a Local Authority Mutual Fund - Overwhelming I'd say
- Op-Ed Contributors - The End of the Financial World as We Know It - NYTimes.com - The SEC is morally bankrupt
There is no doubt that re-regulation has to start in New York and London
And that means the awkward squad, the few who saw this coming, need to be involved
- Going, Going, Gone - Auditors Still Not "Concerned" Enough About Client Viability | called2account - Long, but worth reading
Francine addresses the thorny issue of why auditors ignored the evidence of going concern issues throughout most of 2008
- Ready, steady, stop | AccMan - Dennis highlights a real issue in banking: communication
Of course, it's something accountants are not good at - indeed something many of them seek to obstruct based on my experience
But we badly need it now
- Councils urged to pool cash for crunch-hit projects | - We're on our way to alternative banking
- FT.com / Companies / US & Canada - Wall Street ‘red light’ on Madoff - You can't say you're committed to regulation and that play your part in the process
If Merrill failed to report their suspicions then they are liable to those who lost.
- Spectator Business - "So we're left with an interesting question. Just why does someone so spectacularly wrong on his supposed subject of expertise have such power and influence in our political system?"
Maybe because he isn't wrong after all?
Because let's be honest Tim Wortsal (for it is he, I am sure who has written this) - the system you're defending is well and truly broken - and which of us pointed it out in advance?
Which in the circumstances makes the questions Worstall asks look just a little odd. Apart from the fact that much of what he rights also shows how little he understands auditing. But why let something like understanding get in the way of a diatribe, eh Tim?
- Call for pay-out to Woolies workers » News » This Is Jersey - The joy of living in a tax haven - no employee protection
But then that's what those who promote these places want the world to be like
And they'd say it's quite right it's this way - leaving worker's vulnerable is part of the process of undermining the regulation of the state which they argue is harmful to society
But those who argue this can afford to do so - they ignore the fact most people can't. And that's because they're callously indifferent to the needs of anyone but themselves