AIG chief threatening to step down (and, Our Comments on Transparency)

No World Borders editorial comment: We should remember what got us to the point of having Wall Street executives being micromanged - a lack of financial transparency required the ARRA and the TARP.  And when the government ended up with the majority ownership in AIG it became the shareholder to which the board and CEO [...]

MBS Transparency: Devil in the Detail of Free Writing Prospectus & XBRL

Finding the Devil in the Detail of Financial Statements It has often been said that "the devil is in the detail."  Somewhere, buried among all the data in mortgage backed securities (MBS) lie the devils that destroyed the American economy.  Every issuer of MBS which are really pools of residential or commercial loans packaged together and sold [...]

By | 2017-05-04T04:07:13+00:00 January 11th, 2009|Innovation, Uncategorized|0 Comments