Archive for the ‘schumer’ Category

Subprime meddling

Wednesday, August 29th, 2007

Senator Chuck Schumer’s attempt to lean on the Big Four accounting firms about taking a less rigorous approach to mortgage accounting standards so that their clients can renegotiate bad loans. Now, auditors are supposed to be independent gatekeepers and politicians should not be putting them under any pressure.

Read the full story

Sphere: Related Content