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Archive for the ‘Accounting Standards’ Category

Raiding Pensions and the PGBC

Posted in 401k, 657969, Accounting Standards, Pensions on November 9, 2009 | 1 Comment »

As we covered in our article on pension privatization… http://counterecon.com/2008/01/11/lessons-from-privatizing-retirement-funds/ ….there has been a very large amount of money from elite interests designed to get people to support retirement privatization. This has included: Movement from pensions to the 401k Republican initiatives to privatize social security The raiding of pensions, and thus underfunding of pensions by executives, which [...]

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Nothing Learned Since Enron

Posted in Accounting Standards, Federal Reserve, Mortgages, Videos, tagged , on January 19, 2009 | Leave a Comment »

What is truly amazing from this financial crisis is how little was learned since the fraud of Enron and other companies like them. This excellent 2005 movie explained how the Enron fraud was perpetuated, so it is not even necessary to read a book or lengthy article to find out how it was done. There [...]

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GAAP vs. Pro Forma or Street Earnings

Posted in Accounting Standards on January 11, 2008 | Leave a Comment »

Abstract Having a standard form of stating earnings is designed to normalize earnings. However, non standard earnings such called Pro Forma or Street have become popular on Wall Street and in the Media. It seems strange that after the stock fraud that has repeatedly affected the US equity market that we would allow companies to [...]

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