Triangulating Law, Data & Ethics
What do Enron and Bear Stearns have in common? If you’re a Bear Stearns exec, you’d better hope the answer is “not much.” At least you won’t have to litigate in Houston. New York’s a bigger, better melting pot when it comes to judges and juries. Prosecutors and governors? Don’t change the subject! Today, a […]
The SocGen debate continues. Thanks to Gaute Solheim who commented yesterday as follows: [Quoting Kurt Schulzke]: “The gains and losses were all a single product of the rogue behavior of a single trader who was discovered and ushered out of the company very early in 2008.” I am not able to follow your logic here. […]
Yesterday, in response to Floyd Norris, I offered what may fairly be read as a “clean opinion” on Societe Generale’s use of the IFRS “true and fair view” override to report in 2007 (instead of 2008) its net loss from the Kerviel debacle. Mr. Norris today responded with his entry, “Defending SocGen.” Truth is, my […]
