Madoff circles

There’s little dispute that the government-sanctioned move to allow accounting flexibility in valuing toxic assets will be good for the banking industry. The big question is whether it's good for anyone else—including the federal government.

In voting to let banks exercise more judgment in using the so-called mark-to-market accounting rule, the Financial Accounting Standards Board is also thought to be trying to revive the market for such troubled debt-based assets so banks can remove them from their books, rebuild capital ratio levels and undertake new lending.

http://www.cnbc.com/id/29996988 Just same as blackdrug markets.

The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout

http://www.pbs.org/moyers/journal/04032009/watch.html


Freelance Nation: Slump Spurs Growth of Contract Workers

http://www.cnbc.com/id/29996988