Category: Ethics
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Friday March 12, 2010 This is beginning to remind me of Watergate. I do not mean the facts, that a President's staff member was involved in a break in that was denied and then finally admitted. I mean the way the Bear Lehman Merrill fiasco is slowly unfolding just like Watergate. Most of these things…
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Saturday March 6 2010 A good friend forwarded a list of the ten best movies to me, And it was an interesting list but I think such things are near impossible, as I related, how does one compare Scent of a Woman with say It's a Mad Mad Mad World? One a great drama, the…
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Friday March 5, 2010 Jesse's Cafe reviews a new book about the meltdown. Yves Smith, the author, writes the blog Naked Capitalism. More time has elapsed since the initial flurry of books about the event, and this one reflects more thought on the events. The existence of re purchase or repo agreements figures prominently in…
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Wed March 3 2010 Charlie Rangell D NY heads the tax writing committee on Ways and Means. He has refused to relinquish that position in the face of numerous charges of failure to report and pay taxes, and lately taking trips sponsored by the corporations he regulates. Now a Texas Congressman wants a vote on…
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Monday Feb 22 2010 Greed is Legal is the tag line from Oliver Stone's Wall St II, coming this spring. I have added several links to this blog among them Jesse's Cafe, here are his thoughts this morning. Plato's Republic envisioned a totally different system more along the lines of what Jesse suggests here. One…
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Monday Feb 15 2010 I suggest you add this article about Goldman for your background reading on the finanical crisis paper which is due this Wednesday. Indeed, the article lists ten question the EU will have in an audit of Goldman activities with European governments. One student wondered how Goldman could move Greek debt off…
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Sunday Feb 14 2010 It seems that 69% of the elementary and middle schools in Atlanta have been sited for the large number of erasures, changing wrong to correct answers on the state mandated proficiency exam. This is nothing new, it has happened in Texas in the past. Administrators feel they are under so much…
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Thursday Feb 11 2010 The Chinese are famous for their disregard of copyrights, patents and other IP infringements. BYD is copying entire cars and assembly lines and then attempting to duplicate the effort. So far this is successful. Moving the industrial revolution backwards, they use humans rather than robots, absorbing a huge quantity of unacceptable…
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Tuesday Feb 9 2010 I have added some links to make it easier to expand your world view. The accounting links are to blogs by other accounting professors and writers. These tend to focus more on accounting issues such as the activities of the SEC and the PCAOB. The View from Abroad consists of various…
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Monday Feb 8 2010 We made the point yesterday that eventually leaders get themselves into trouble by failing to emulate William B Travis right here in San Antonio. Travis is said to have drawn a Line in the Sand with his sword. Those staying or leaving had to get on one side of the line…
