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Sunday, November 22 2009  |  12:45 PM EDT  | 
DJIA (DIA) S&P 500 (SPY)

Big Oil Hornswoggling the SEC?

After the asset-reporting shenanigans that contributed enormously to the greatest financial meltdown in living memory, SEC is now set to allow more or less exactly the same thing in the oil industry, Felix Salmon writes.
Learn all about it in Alan von Altendorf's 3-parter, which Salmon calls 'stunning.'

New SA Instablogs Worth Watching

Ian R. Campbell is a recognized Canadian business valuation authority, having authored books used by lawyers, experts and Canadian Courts in business valuation litigation matters.
North Fork Investors' blog tracks the value-oriented investments, both long and short, of two friends and investment partners.
Hopeful is author, trader and internet entrepreneur Brett Buchanan, who writes TheFinalPost blog from Maui.

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Market Currents|Top Stories

  • 9:54 AM One of the main questions being pondered at Guangzhou Auto show this week is whether Beijing will continue its generosity, which has boosted the market by 45% YTD. GM China chief Kevin Wale thinks it will, which would be a boon to GM, given its commanding market share. 1 Comment
  • 7:00 AM Goldman Sachs (GS) spokesman Lucas van Praag responds to the New York Times' questions about its exposure to AIG (AIG), pre bailout. While admitting that "a collapse of AIG would have had a very disruptive effect on the financial system, and that everyone benefited from the rescue of AIG," he maintains - despite evidence to the contrary - that Goldman's exposure "was close to zero." 5 Comments
  • 6:16 AM Gretchen Morgenson says TARP Inspector General Neil Barofsky's in-depth analysis (.pdf) of the AIG (AIG) bailout is a must read for anyone hoping to understand why the $182B "rescue" still ranks "as the most troubling episode of the financial disaster." Unfortunately, she notes, Congress seems more interested in rushing through its financial reform agenda than to understand why the current system's broken. 3 Comments
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