It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

Empirical evidence suggests that even a worldwide adoption of International Financial Reporting Standards (IFRS) alone would not lead to global convergence of reporting practices.

U.S. adoption of International Financial Reporting Standards (IFRS), has been sidelined by the financial crisis, but deserves more attention.  Both issues illustrate the perils of political interference in financial reporting and in the process of professional standard setting.

The number of schools ranked highly in guides such as Barron's Profiles of American Colleges is increasing, without any evidence that these schools' instructional quality is also increasing. Applicants and their families should be wary of letting these rankings serve as the main criteria in their college decisions.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

Proposed rule for Management"s Report on Internal Control over FinancialReporting (File No. S7-24-06).

The Shadow Financial Regulatory Committee urges theSEC to adopt a rule as soon as possible and no later than April 30, 2008 that will give all issuers a choice between using IFRSor U.S. GAAP for their financial statements.

SEC Commissioner Cynthia Glassman discusses financial reporting.