JAN 23 2014

First as Tragedy, Then as Farce

Banking, Capitalism, Financial Services, Hedging, Infrastructure, United States, Wall Street

Wall Street investors in need of a replacement for the former cash cow of mortgage-backed securities (pre-bailout, that is) only had to look as far as a massive, bargain basement-priced stock of used houses obtained through bankruptcy sales coupled with a corresponding, unparalleled increase in prospective renters (aka former homeowners with few options for housing…

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AUG 10 2010

Bell, California and its Comprehensive Annual Financial Reports (CAFRs)

Financial Services, Financial statements, Generally Accepted Accounting Principles (United States), Government Finance Officers Association, Local government, United States

Image via Wikipedia Bell, California “The Government Finance Officers Association [GFOA] established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit…

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