Casualties of Bad Regulation

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Please see the LINKS page for other websites which house a much longer list of articles that have appeared over the past many years on e.g. the AABA website aabaglobal.org. Here, to avoid unnecessary repetition, we will simply post articles, many appearing elsewhere, particularly relevant to the casualties, CBRs, in these cases……thus emphasising that bad regulation does indeed aid and abet crime! Bad regulation allows those who we assume have our best interests at heart to become arrogant/dismissive/in denial regarding their attitude to the law and their duty; with the consequences all around us e.g. the Sub-prime crisis which has in turn spurned the CREDIT CRUNCH, unemployment, repossessions and the misery that millions will face in the coming years!

The cause? People who act above the law i.e. WHITE COLLAR CRIMINALS…..because they have the ‘clout’ and funds to escape the law in so many cases. Not so much in the USA but certainly in the UK where there is simply too close a relationship between for example the ‘Big 4’ global accountancy organisatons and Government agencies. Such conduct should be openly branded CRIMINAL activity AND bad/inadequate and/or negligent regulators should be charged with aiding and abetting CRIME. To bring this about is one of the aims of CBR as a result of exhibiting the evidence here and thereby bringing together the casualties of this conduct

To bring this about is one of the aims of CBR as a result of exhibiting the evidence here and thereby bringing together the casualties of this conduct.

Financial crisis: Will lawyers and accountants pay the price?....Judge Sporkin famously asked, where were the outside accountants and attorneys when these transactions were effectuated? (27 March, 2009)

Meet the UK’s inept Accounting, Auditing and Governance Regulator: In Bed with Corporate Interests. (30 Oct 2008)

Profiting from the recession: Accountancy firms should not receive any public contracts until there is tangible evidence that they have cleaned up their act . (29 Oct 2008)

Cost of banking crash: $2,800,000,000,000. (28 Oct 2008)

Lawsuit claims Barclays is guilty of fraud: UK bank sued in the US over claims that investors lost out in secretive vehicles holding toxic assets . (27 Oct 2008)

Still Fast Asleep -crunch shouldn't mean tighter regulation, FRC boss says. (23 Oct 2008)

Insolvency: Administrations soar as the economic downturn bites. (23 Oct 2008)

Next in the Financial Crisis: Possible Criminal Charges. (22 Oct 2008)

Prosecutors eyeing Wall Street mess look for lies. (22 Oct 2008)

FORMER minister of state in Ireland has ridiculed auditors as a "joke and a waste of time". (18 Oct 2008)

The transparency test - HBOS and Lloyd's offbalance sheet accounting. (17 Oct 2008)

Financial sector revealed as the Emperor with no clothes. (16 Oct 2008)