Trust a banker
I've been trying to decide whether this clip gets funnier or scarier with each failed bank. Meanwhile, as Congress continues pondering a bailout for the financial sector, an interesting debate has emerged over whether bankers like George Parr are giving us too much information.
Click here, here, and here for some good primers on this. In short, some think accounting rules, designed to provide transparency, go too far in stating liabilities and escalate concerns about banks.
And yesterday the Securities and Exchange Commission eased the "market to market" accounting rules. Here's hoping it stops the banking sector from, as Parr said, looking "as stupid as it actually was."
— NC
Labels: Corporate America
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Tribune's Bob Barr Blackout Watch: The Libertarian Party nominated Bob Barr as its presidential candidate 129 days ago, but the Salt Lake Tribune has yet to inform its print edition readers of his candidacy.
The Tribune's administrators are disabling the accounts of individuals who note this fact in the TribTalk forums or comments sections of SLTRIB.COM.
Barr is now on 45 state ballots across the United States, and is on track to be on 47 to 48 ballots.
Nationwide polls show Barr receiving support from between 1 to 2 percent of voters (or about 1 in 50 American voters), and between 8 to 11 percent support in some battleground states.
Only a handful of other presidential candidates can claim the same thing.
The CEO of MediaNews (which owns the Tribune), William Dean Singleton, was a significant financial supporter of Republican U.S. President George W. Bush.
www.BobBarr2008.com
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