Page 2 - Accounting Problems News Today

Controversial policy that may take a serious toll on companies trying to plead guilty to charges. until now hose companies could plead guilty in -- now those companies could plead guilty in court without admitting wrongdoing in other places, no more. a shot in the arm of justice or shooting u.s. companies in the foot? brenda, what do you think? >> im not so sure this is such a great idea. the sec goes after publicly trading companies for insider trading for fraud, accounting problems. it gives m...

Could i have done more? no. >> joining me now from tallahassee to react is peter sweitzer, the author of "throw them all out." good morning to you. >> good morning. great to see you. >> good to see you. when you hear barney frank take absolutely no blame at all for the financial crisis and fannie and freddie. whats your reaction? >> well, you know, denial seems to be a common affliction in washington, d.c. i dont know if its in the drinking water or if its something blowing off the potomac, but ...

Firms and the power will reach beyond that because they could threaten to call other firms that arent systemically important systemically important if they dont take a few changes. the biggest expansion -- its the biggest expansion of power of government ive ever seen. jon how do you address that problem if in fact its a problem? >> well, i dont think its a problem. first of all, the fannie mae and freddie mac, by the time this really was beginning to reach a crisis level, were pulling out of th...

>> a lot of people in washington tonight, a lot of people not happy and a lot of people trying to get their position heard and were live with the historic vote beginning and you heard both sides talking about cost and they sure have different numbers and who is right and what is the real cost to the bill? liz macdonald, stocks editor for fox business network and im sorry you are not in the wind with me! tell me... im about to blow off the roof, i need combat pay for this one and who is right and...