-
Search the 2TG Blog
2TG Blog Post Categories
Pre-owned 2TG Blog Posts
-
Recent 2TG Blog Posts
Observations on Twitter
Error: Twitter did not respond. Please wait a few minutes and refresh this page.
Currently Reading
Tag Archives: Accounting
Offshore Money, Taxes And Obama Apologists
In the survival-of-the-fittest environment of blogging economists, a revealing story unfolded. What began as a practical lesson in corporate finance, ended up highlighting the hypocrisy of a key Obama cheerleader who is all for higher taxes, as long as others … Continue reading
What’s Wrong With This Woman?
Of course it’s a trick question. So what is wrong with the appearance of Victoria Secrets model Selita Ebanks to the right? Well according to Victoria Secrets, a lot. Below is the list of changes they made to her image … Continue reading
Tagged Accounting
Leave a comment
Caveat: H&R Block Will Empty Your Tax Refund
H&R Block just settled a lawsuit for acting as a loan shark to people desperate to get their IRS tax refunds. No word yet on whether they will attempt to parlay these type of services into accepting betting on NFL … Continue reading
Tagged Accounting
Leave a comment
Accounting For Failure of Nerve
I had an earlier post which described the criticism of the US mark to market accounting rules and the hopes that the controlling US regulatory bodies [SEC and FASB] would amend those rules. As described in the Washington Post article, … Continue reading
Mark-to-Market, Baby [think Donna Summer]
Accounting is not sexy. I know. Convincing people that FASB 157 is the root of our problems is a tough sell. I recommend a Donna Summer-like impersonation on the floor of the House if we are to see real movement … Continue reading
Posted in 2TG Favorites, Business & Economics
Tagged Accounting, Donna Summer, Financial Crisis
3 Comments
Bad Accounting Rules Helped Sink AIG
If, as we are now hearing constantly, the problem is greedy people — like Obama insider Jim Johnson — then the solution is simple, find those people and deport them. But if it’s something else, it might help to consider … Continue reading
Tagged Accounting
Leave a comment
Role of Fair Value Acg in the Subprime Meltdown
The problem is summarized by Peter Wallison of AEI: When the dotcoms were in vogue, the assets of securities firms and other equity intermediaries were inflated, just as, more recently, rising housing values made banks and other mortgage lenders look … Continue reading
Tagged Accounting, Economics
Leave a comment
How AMT confuses taxpayers
WSJ Tax article —————————————————————— How AMT Confuses Taxpayers AUGUST 13, 2008 By TOM HERMAN If you’re confused by the alternative minimum tax, you have lots of company. A new Treasury Department report says about 226,000 federal income-tax returns filed in … Continue reading
Posted in Business & Economics
Tagged Accounting, Federal taxes, Tom Herman, Wall Street Journal
Leave a comment
House-hoppers may suffer
WSJ Tax article —————————————————————— House-Hoppers May Suffer Under New Tax Rules Housing Package Makes It Harder To Exclude Gains AUGUST 6, 2008 By TOM HERMAN Life is getting tougher for some people who own more than one home. Part of … Continue reading
Posted in Financial Planning
Tagged Accounting, Federal taxes, IRS, Tom Herman, Wall Street Journal
Leave a comment
Tracking Bad Loans Goes Way Off Balance Sheet
The WSJ article [subscription needed] describes how banks are ‘fixing’ their bad loan problems, partly by making it harder to be a bad loan. The cynic in me hopes one day to see a ‘badder loan’ section on a financial … Continue reading
2 Think Good 