Economy May 11 Watch After JPMorgan’s Huge Loss, Is More Regulation Needed? Shares in JPMorgan Chase fell 9 percent Friday on news that the bank lost $2 billion over six weeks due to "self-inflicted" mistakes. Jeffrey Brown, The Wall Street Journal's Liz Rappaport, Michael Greenberger of the University of Maryland School of…
Economy Nov 03 Watch Madoff Accountant Pleads Guilty in Federal Court The consequences of Bernard Madoff's Ponzi scheme continue to trickle down as his accountant pleaded guilty to criminal charges. Judy Woodruff reports.
Economy Aug 06 If Banks Just Changed Their Accounting Rules, Why Do They Need Bailout Money? Question: If the banks are doing just hunky-dory due to the change in accounting rules, then why do they need any bailout money? Paul Solman: Hunky-dory? You might find this online etymology of the term amusing. I have to…
Economy Dec 24 Watch Following the Bailout Money Trail Yields Few Answers With about half of the federal bailout allocation spent, questions remain about how exactly recipient banks used the money. Analysts give an update on where this $350 billion has gone.
Apr 25 Accounting Reform Bill Passes House; Faces Senate Challenge By a 334-90 vote, the House approved Republican-backed legislation aimed at overhauling both the accounting industry and the corporate audit system in the wake of Enron's sudden collapse. Continue reading