The SEC inspection revealed significant problems at Lehman. The SEC found that Lehman's Price Valuation Group was understaffed; and it found that Lehman's asset pricing function was overly "process driven." 5761 But the SEC did not release its findings or formally present them to Lehman prior to Lehman's demise. 
Share:  The SEC inspection revealed significant problems at <span class="company">Lehman</span>. The SEC found that <span class="company">Lehman</span>'s Price Valuation Group was understaffed; and it found that <span class="company">Lehman</span>'s asset pricing function was overly "process driven." 5761 But the SEC did not release its findings or formally present them to <span class="company">Lehman</span> prior to <span class="company">Lehman</span>'s demise. Tweet this 

Cisco CRS 3, powered by Cisco QuantumFlow Array , a chipset architecture engineered in multiple dimensions of scale, services, and savings. That's the announcement. It was the cause of all the hype. 
Share:  <span class="company">Cisco</span> CRS 3, powered by <span class="company">Cisco</span> QuantumFlow Array , a chipset architecture engineered in multiple dimensions of scale, services, and savings. That's the announcement. It was the cause of all the hype. Tweet this 

Yes, that's sarcasm: The mortgage firms are looking at every loan more than 90 days past due and "asking us basically to give them all the documentation to show that it was properly underwritten," JPMorgan's Scharf said. "We then go through a process with them that takes a period of time, and literally it's every loan, loan by loan, and have the discussion on whether or not we actually should buy the loan back.". That's exactly what I said would happen more than two years ago. 
Share:  Yes, that's sarcasm: The mortgage firms are looking at every loan more than 90 days past due and "asking us basically to give them all the documentation to show that it was properly underwritten," <span class="company">JPMorgan</span>'s Scharf said. "We then go through a process with them that takes a period of time, and literally it's every loan, loan by loan, and have the discussion on whether or not we actually should buy the loan back.". That's exactly what I said would happen more than two years ago. Tweet this 

Microsoft: Blow Me. Now this is hubris: Today most hacked PCs run Microsoft's Windows operating system, and the company has invested millions in trying to fight the problem. That's because the operating system was designed for backward compatibility with Windows 95 and 98 first (and 3.1 before it) which had no concept of permissions or privileges. 
Share:  <span class="company">Microsoft</span>: Blow Me. Now this is hubris: Today most hacked PCs run <span class="company">Microsoft</span>'s Windows operating system, and the company has invested millions in trying to fight the problem. That's because the operating system was designed for backward compatibility with Windows 95 and 98 first (and 3.1 before it) which had no concept of permissions or privileges. Tweet this 

Bombshell In AIG 10Q: "Capital Relief" Now that I've had to time to read the entire AIG 10Q there's a nasty ditty in here that in my opinion goes materially beyond the "going concern" language. It's here: . A deterioration in the credit markets may cause AIG to recognize unrealized market valuation losses in AIGFP's regulatory capital super senior credit default swap portfolio in future periods which could have a material adverse effect on AIG's consolidated financial condition or consolidated results of operations. 
Share:  Bombshell In <span class="company">AIG</span> 10Q: "Capital Relief" Now that I've had to time to read the entire <span class="company">AIG</span> 10Q there's a nasty ditty in here that in my opinion goes materially beyond the "going concern" language. It's here: . A deterioration in the credit markets may cause <span class="company">AIG</span> to recognize unrealized market valuation losses in <span class="company">AIG</span>FP's regulatory capital super senior credit default swap portfolio in future periods which could have a material adverse effect on <span class="company">AIG</span>'s consolidated financial condition or consolidated results of operations. Tweet this 

AIG Gets The Dreaded "Going Concern" Gee, who saw this coming..oh wait , not in the press release, is it? . NEW YORK (BUSINESS WIRE) American International Group, Inc (AIG) today reported a net loss attributable to AIG common shareholders of $8.9 billion for the fourth quarter of 2009, or $65.51 per diluted common share, compared to a net loss of $61.7 billion or $458.99 per diluted share in the fourth quarter of 2008. Fourth quarter 2009 adjusted net loss was $7.2 billion, compared to an adjusted net loss of $38.5 billion in the fourth quarter of 2008. 
Share:  <span class="company">AIG</span> Gets The Dreaded "Going Concern" Gee, who saw this coming..oh wait , not in the press release, is it? . NEW YORK (BUSINESS WIRE) American International Group, Inc (<span class="company">AIG</span>) today reported a net loss attributable to <span class="company">AIG</span> common shareholders of $8.9 billion for the fourth quarter of 2009, or $65.51 per diluted common share, compared to a net loss of $61.7 billion or $458.99 per diluted share in the fourth quarter of 2008. Fourth quarter 2009 adjusted net loss was $7.2 billion, compared to an adjusted net loss of $38.5 billion in the fourth quarter of 2008. Tweet this 

Absolute Software said it dissuades users of theft recovery software from acting on their own "We discourage any customer from taking theft recovery into their own hands," said Stephen Midgley, the company's head of marketing, in an interview Monday "That's best left in the hands of professionals" 
Share:  <span class="sent"><span class="company">Absolute Software</span> said it dissuades users of theft recovery software from acting on their own "We discourage any customer from taking theft recovery into their own hands," said Stephen Midgley, the company's head of marketing, in an interview Monday</span> "That's best left in the hands of professionals" Tweet this 

It appears that AIG , the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact isn't done It appears they may have written credit protection on Greece If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars , or more likely, hundreds of billions (since Greece is almost certainly not the only place , try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS 
Share:  <span class="sent">It appears that <span class="company">AIG</span> , the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact isn't done It appears they may have written credit protection on Greece</span> If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars , or more likely, hundreds of billions (since Greece is almost certainly not the only place , try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS Tweet this 

That packet contains the MAC address for each media interface in the box and nothing more MAC addresses must be unique on a given LAN (or havoc will ensue) and as such they are as close to a unique serial number as can be relied upon They are not "visible" beyond the LAN the machine is connected to, thus the requirement for a tiny application to send them 
Share:  <span class="sent">That packet contains the <span class="company">MAC</span> address for each media interface in the box and nothing more <span class="company">MAC</span> addresses must be unique on a given LAN (or havoc will ensue) and as such they are as close to a unique serial number as can be relied upon</span> They are not "visible" beyond the LAN the machine is connected to, thus the requirement for a tiny application to send them Tweet this 

More Hand Waving By The Vampire Squid Now comes Goldman Sachs trying to justify the Greek Debt Swaps Following Greece's decision to join the European Monetary Union and adopt the Euro (which, under the criteria set by the European Union, included a debt to GDP ratio of less than 60%), reducing the size of foreign denominated liabilities became a priority for Greece, as it did for most European sovereign states According to the EU accounting framework, unhedged foreign currency denominated debt was required to be translated into Euro using the year end exchange rate 
Share:  <span class="sent">More Hand Waving By The Vampire Squid Now comes <span class="company">Goldman Sachs</span> trying to justify the Greek Debt Swaps Following Greece's decision to join the European Monetary Union and adopt the Euro (which, under the criteria set by the European Union, included a debt to GDP ratio of less than 60%), reducing the size of foreign denominated liabilities became a priority for Greece, as it did for most European sovereign states</span> According to the EU accounting framework, unhedged foreign currency denominated debt was required to be translated into Euro using the year end exchange rate Tweet this