Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Tuesday June 28, 2011 Do you know Gretchen Morgenson? She is a financial journalist now writing for the NY Times. Her latest endeavor is about the meltdown entitled Reckless Endangerment.. She and co-author Joshua Rosner focus on Fannie Mae and its head James Johnson in the 1990s. The government clearly loaned money to people that…
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Monday June 27, 2011 The LA Dodgers filed for Chapter 11 Bankruptcy. Apparently the new owner never had the money to really fund the team and is now mired in a contentious divorce. And this team does not have a mega expensive stadium like many others. While this one seems to have owner issues I have…
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Monday June 20, 2011 Henry Blodget has scripted a fine guide to cutting thru the BS of the usual commentator on CNBC,Bloomberg, Fox Business Here are his sixteen phrases which sound great and mean nothing.
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Monday June 20, 2011 Here is another article about the rise and fall of Research in Motion. As the article says, they come and go quickly in telecom. Here is a quote which also demonstrates something else. "We've seen this movie before (Motorola, Nokia, Sony-Ericsson, LG, Palm) the history of wireless is littered with OEMs…
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Sunday June 19, 2011 Socionomics Research in Motion is front page news, but for all the wrong reasons. This is a good example of just how fast things can change. Computer makers change over time, the Stars of the 1970s, DEC, Wang, and Control Data are unknown to today's Computer majors. Likewise, Lotus 123 and…
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Friday June 17, 2011 Here is an interesting article on the quality of cash flows. Articles on the quality of earnings are fairly common. But we are studying cash flows in intermediate accounting and this offers some ways to analyze just that.
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/ June 13, 2011 Professor David Albrecht has an excellent column on the SEC in Bad and Getting Worse. As we are studying Acct regulation in Chapter One of Spiceland this will make an excellent starting point for our examination of what went wrong. Indeed the SEC has done little or nothing bringing few to any cases…
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Wed June 8, 2011 This week I mentioned the importance of reading the WSJ for clues as to what is going on as well as for context in understanding accounting. Here is a good example that requires accounting critical thinking. I also mentioned that reading the Money and Investing Section was perhaps the best source…
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Tuesday June 7, 2011 Meredith Whitney has fired back with a more comprehensive report. She now maintains that states are in worse shape than they admit. 1. Rainy day or surplus funds are being depleted. 2. GO bonds are being used to pay for current expenses, here we go again, borrow long to pay short term…
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Monday June 6, 2011 The Finance Committee has produced a 600 plus page report alleging that Goldman Sachs bet against its own clients. As GS sold subprime mortgages they shorted that very market. GS was betting the sub prime values would fall. While it typically took the US Govt hundreds of pages to make the…
Professor Elam 