The Sunshine Report

Veritas Financial Partners
Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Disclosure

  1. McCain: “Fire Cox”; Sunshine: “McCain’s wrong. Fire Cox and then exile him. His family can stay…they aren’t guilty.”

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    Almost all paths of incom­pe­tence in the cur­rent cri­sis run through the office of the Chair­man of the SEC, Chris Cox. McCain’s solu­tion to fire Cox isn’t tough enough. Exile is bet­ter. For­tu­nately for Cox this isn’t the Stal­in­ist Soviet Union or his fate could be a lot worse. Cox’s fail­ures are too numer­ous to count. […] [read full story]

    Posted in: Accounting, Chris Cox, Disclosure, economy, FAS 157, FAS 159, FASB, McCain, SEC, Short Selling

  2. TELL ME IT AN’T SO…PAULSON HANDS OUT A “GET OUT OF JAIL FREE” CARD" rel="bookmark">TELL ME IT AN’T SO…PAULSON HANDS OUT A “GET OUT OF JAIL FREE” CARD

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    This morn­ing on CNBC, Sec­re­tary of the Trea­sury Hank Paul­son advanced the cause of reck­less behav­ior when he inex­plic­a­bly gave the man­age­ment and boards of Fred­die Mac and Fan­nie Mae a “get out of jail free” card. Amaz­ingly, Paul­son announced that he didn’t blame the respec­tive senior exec­u­tives and boards for the fail­ures and that […] [read full story]

    Posted in: Credit Crisis, Criminal Law, Disclosure, economy, Fannie Mae, Finance, Freddie Mac, Paulson, Secretary Snow

  3. MAN IN THE STREET: WHY NOT PROSECUTE CEO’S?" rel="bookmark">MAN IN THE STREET: WHY NOT PROSECUTE CEO’S?

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    This morn­ing I was a guest on FOX Busi­ness Net­work. FOX pro­vided a car and dri­ver to take me to the stu­dio. The dri­ver imme­di­ately started quizzing me on what I was going to talk about on tele­vi­sion. When I told him I would dis­cuss bank­ing and pub­lic mar­kets and that I am a for­mer […] [read full story]

    Posted in: Cox, Credit Crisis, Disclosure, Finance, FOX BUSINESS NETWORK, SEC