Month December 2011

Forensic Accounting

When a company like MF Global goes bankrupt and $1.2 billion somehow waltzs away, that’s when they call in Certified Fraud Examiners, who are also known as forensics. CPAs examine the books to insure things are done in accordance with…

Jon Corsine was deeply involved in MF Global trading

His obsession with trading was apparent to MF Global insiders over his 19-month tenure. Mr. Corzine compulsively traded for the firm on his BlackBerry during meetings. This makes his Sgt. Schultz “I know nothing” stance untenable. And really, the CEO…

Canada pulls out of Kyoto Protocol

Canada says since Kyoto doesn’t cover the US and China that the whole thing is basically meaningless. They have a point. Plus, they can’t meet the new standards anyway. So they’re pulling out. I wonder who will be next to…