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Bubblesitter.
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March 16, 2008 at 4:27 PM #170997March 16, 2008 at 4:27 PM #171330
jficquette
ParticipantLet’s not forget the state government who made business conditions so unbearable in California that business’s fled the state in droves and created the conditions where no business of any size will consider moving here.
Who needs a job anyway when your house is going up $150k a year?
John
March 16, 2008 at 4:27 PM #171333ParticipantLet’s not forget the state government who made business conditions so unbearable in California that business’s fled the state in droves and created the conditions where no business of any size will consider moving here.
Who needs a job anyway when your house is going up $150k a year?
John
March 16, 2008 at 4:27 PM #171353ParticipantLet’s not forget the state government who made business conditions so unbearable in California that business’s fled the state in droves and created the conditions where no business of any size will consider moving here.
Who needs a job anyway when your house is going up $150k a year?
John
March 16, 2008 at 4:27 PM #171436ParticipantLet’s not forget the state government who made business conditions so unbearable in California that business’s fled the state in droves and created the conditions where no business of any size will consider moving here.
Who needs a job anyway when your house is going up $150k a year?
John
March 29, 2008 at 10:38 AM #178079Bubblesitter
ParticipantGotta add the accounting firms such as KPMG. This looks to be a replay of Enron like auditing scandals of a few years back. As investors, what kind of financial audit info can we trust? Lack of tranparency and confidence is gonna prolong this credit crunch on Wall Street.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news
“New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update4) By Tiffany Kary
March 26 (Bloomberg) — New Century Financial Corp.’s bankrupt estate might have cause to sue its former accountant KPMG LLP and some directors and officers for improper accounting leading up to its bankruptcy, a court examiner said in a report.
The company, once the second-biggest U.S. subprime-mortgage lender, engaged in accounting fraud in 2005 and 2006 before filing for bankruptcy in April 2007, according to the 581-page report by court examiner Michael J. Missal unsealed today.
New Century “engaged in a number of significant improper and imprudent practices related to its loan originations, operations, accounting and financial reporting processes,” Missal wrote in the report. He said “KPMG contributed to certain of these accounting and financial reporting deficiencies by enabling them to persist” and in some cases “precipitating” a departure from “applicable accounting standards.”………”
March 29, 2008 at 10:38 AM #178434ParticipantGotta add the accounting firms such as KPMG. This looks to be a replay of Enron like auditing scandals of a few years back. As investors, what kind of financial audit info can we trust? Lack of tranparency and confidence is gonna prolong this credit crunch on Wall Street.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news
“New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update4) By Tiffany Kary
March 26 (Bloomberg) — New Century Financial Corp.’s bankrupt estate might have cause to sue its former accountant KPMG LLP and some directors and officers for improper accounting leading up to its bankruptcy, a court examiner said in a report.
The company, once the second-biggest U.S. subprime-mortgage lender, engaged in accounting fraud in 2005 and 2006 before filing for bankruptcy in April 2007, according to the 581-page report by court examiner Michael J. Missal unsealed today.
New Century “engaged in a number of significant improper and imprudent practices related to its loan originations, operations, accounting and financial reporting processes,” Missal wrote in the report. He said “KPMG contributed to certain of these accounting and financial reporting deficiencies by enabling them to persist” and in some cases “precipitating” a departure from “applicable accounting standards.”………”
March 29, 2008 at 10:38 AM #178445ParticipantGotta add the accounting firms such as KPMG. This looks to be a replay of Enron like auditing scandals of a few years back. As investors, what kind of financial audit info can we trust? Lack of tranparency and confidence is gonna prolong this credit crunch on Wall Street.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news
“New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update4) By Tiffany Kary
March 26 (Bloomberg) — New Century Financial Corp.’s bankrupt estate might have cause to sue its former accountant KPMG LLP and some directors and officers for improper accounting leading up to its bankruptcy, a court examiner said in a report.
The company, once the second-biggest U.S. subprime-mortgage lender, engaged in accounting fraud in 2005 and 2006 before filing for bankruptcy in April 2007, according to the 581-page report by court examiner Michael J. Missal unsealed today.
New Century “engaged in a number of significant improper and imprudent practices related to its loan originations, operations, accounting and financial reporting processes,” Missal wrote in the report. He said “KPMG contributed to certain of these accounting and financial reporting deficiencies by enabling them to persist” and in some cases “precipitating” a departure from “applicable accounting standards.”………”
March 29, 2008 at 10:38 AM #178446ParticipantGotta add the accounting firms such as KPMG. This looks to be a replay of Enron like auditing scandals of a few years back. As investors, what kind of financial audit info can we trust? Lack of tranparency and confidence is gonna prolong this credit crunch on Wall Street.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news
“New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update4) By Tiffany Kary
March 26 (Bloomberg) — New Century Financial Corp.’s bankrupt estate might have cause to sue its former accountant KPMG LLP and some directors and officers for improper accounting leading up to its bankruptcy, a court examiner said in a report.
The company, once the second-biggest U.S. subprime-mortgage lender, engaged in accounting fraud in 2005 and 2006 before filing for bankruptcy in April 2007, according to the 581-page report by court examiner Michael J. Missal unsealed today.
New Century “engaged in a number of significant improper and imprudent practices related to its loan originations, operations, accounting and financial reporting processes,” Missal wrote in the report. He said “KPMG contributed to certain of these accounting and financial reporting deficiencies by enabling them to persist” and in some cases “precipitating” a departure from “applicable accounting standards.”………”
March 29, 2008 at 10:38 AM #178530ParticipantGotta add the accounting firms such as KPMG. This looks to be a replay of Enron like auditing scandals of a few years back. As investors, what kind of financial audit info can we trust? Lack of tranparency and confidence is gonna prolong this credit crunch on Wall Street.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news
“New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update4) By Tiffany Kary
March 26 (Bloomberg) — New Century Financial Corp.’s bankrupt estate might have cause to sue its former accountant KPMG LLP and some directors and officers for improper accounting leading up to its bankruptcy, a court examiner said in a report.
The company, once the second-biggest U.S. subprime-mortgage lender, engaged in accounting fraud in 2005 and 2006 before filing for bankruptcy in April 2007, according to the 581-page report by court examiner Michael J. Missal unsealed today.
New Century “engaged in a number of significant improper and imprudent practices related to its loan originations, operations, accounting and financial reporting processes,” Missal wrote in the report. He said “KPMG contributed to certain of these accounting and financial reporting deficiencies by enabling them to persist” and in some cases “precipitating” a departure from “applicable accounting standards.”………”
March 30, 2008 at 11:17 AM #178385jpinpb
ParticipantI don’t know if it was already included, but the knife-catchers are real men/women of genius, not to mention helping us w/lowering comps for the next knife-catcher. Reverse domino effect. We should salute them.
March 30, 2008 at 11:17 AM #178745ParticipantI don’t know if it was already included, but the knife-catchers are real men/women of genius, not to mention helping us w/lowering comps for the next knife-catcher. Reverse domino effect. We should salute them.
March 30, 2008 at 11:17 AM #178756ParticipantI don’t know if it was already included, but the knife-catchers are real men/women of genius, not to mention helping us w/lowering comps for the next knife-catcher. Reverse domino effect. We should salute them.
March 30, 2008 at 11:17 AM #178762ParticipantI don’t know if it was already included, but the knife-catchers are real men/women of genius, not to mention helping us w/lowering comps for the next knife-catcher. Reverse domino effect. We should salute them.
March 30, 2008 at 11:17 AM #178844ParticipantI don’t know if it was already included, but the knife-catchers are real men/women of genius, not to mention helping us w/lowering comps for the next knife-catcher. Reverse domino effect. We should salute them.
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