by Jolyon on 21 April, 2010
Will Lehman be Ernst & Young’s Enron?
That is the question everyone is asking after the publication of investigator Anton Valukas’s report suggesting that Lehman may have used an, um, unusual accounting practice — Repo 105 — to make it look as if its leverage was much lower at each quarter-end that in fact it [...]
by Jolyon on 17 April, 2010
Provocative but not wholly unpersuasive slant from zerohedge.Com, who say that Obama is, in true Roman fashion, distracting the people with bread and circuses (well, at least circuses) from the main story:
“For those who care where the real news is, we direct your attention to today’s Daily Treasury Statement, which disclosed that total US debt [...]
by Jolyon on 16 April, 2010
Senator Ted Kaufman Comments On Goldman SEC Charge:
“‘To restore the public’s faith in our financial markets and the rule of law, we must identify, prosecute, and punish with stiff fines or prison those who broke the law. Their fraudulent conduct has severely damaged our economy, caused devastating and sustained harm to countless hard-working Americans, and [...]
by Jolyon on 12 February, 2010
Toyoto is not having a good time. A couple of days back I wrote about the Toyota slow-motion PR wreck. Yet here is another perspective on the whole matter from Ed Wallace on Business Week.
He cautions, soundly, against knee-jerk reactions and suppositions, citing very very biased reporting and investigation in the cases of [...]
by Jolyon on 11 February, 2010
Just when you thought it was all over, safe to go in the water etc, it looks like the banks are going to get hit all over again. Mrs. ReRisk has been predicting this for some time and it looks as if she is going to be vindicated.
From data compiled by DeMontfort[1] University, Savills [...]
by Jolyon on 9 February, 2010
Oh dear. The train-wreck-in-slow-motion that is Toyota’s current crisis has got a lot worse today with the announcement that they are having to recall all their Prius models worldwide to sort out brake problems. Toyoda-san, the grandson of the founder, can’t be having a good day.
What sort of claims will emerge from this? [...]
by Jolyon on 1 June, 2009
This is what happens when you start meddling in the insurance markets for short-term political gain — the markets dry up and blow away. In the Gulf and southern states likely to be affected the situation is thus:
Primary capacity is down by an estimated 30-40%
Traditional RI capacity is down by about 10%
There have been [...]
by Jolyon on 1 June, 2009
According to the FT today
Companies based in the UK, Bermuda and the Cayman Islands account for 16 of the 29 ongoing investigations in Washington’s fast-expanding assault on graft by overseas companies.
Thus far, US prosecutors have secured fines of over $1bn against 43 companies in relation to bribery and corruption charges.
At the same time, a North [...]
by Jolyon on 24 March, 2009
At least from Barlows.
Word is that “Barlow Lyde & Gilbert (BLG) insurance heavyweight Colin Croly has left the firm following the merger of its insurance and reinsurance practices. Croly was tipped to take the senior partner position last year, but was beaten to the post by professional liability head Simon Konsta. It is not yet [...]
by Jolyon on 16 January, 2009
DiscoveryResources has published a list of 20 top e-discovery predictions for the coming year.
These in particular struck me:
5. Software as a Service will start gaining inroads due to lack of credit and a reluctance to make capital purchases.
i.e. hosted discovery services. I’ve been using these for about 5 years now and the people I am [...]