SEC and Corporate Audits: Failure of ESM Government SecuritiesU.S. Government Printing Office, 1985 - Auditors |
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Page 3
... action and using the regulatory tools at its disposal , seemed content to stay in the stands and merely watch this spectacle - even when its own regulations against conflicts of interest , self - dealing and inadequate collaterali ...
... action and using the regulatory tools at its disposal , seemed content to stay in the stands and merely watch this spectacle - even when its own regulations against conflicts of interest , self - dealing and inadequate collaterali ...
Page 14
... action . Interestingly enough , at that time the transaction was prof- itable to ESM because American was paying ESM approximately 11 percent on the money , and for the first time in a long time as you recall , interest rates had ...
... action . Interestingly enough , at that time the transaction was prof- itable to ESM because American was paying ESM approximately 11 percent on the money , and for the first time in a long time as you recall , interest rates had ...
Page 17
... actions , reports dated August 4 and October 10 , 1980. I would like to read you a couple of highlighted portions in these reports and get your response regarding their accuracy . The date of this examination was August 4 , 1980. " The ...
... actions , reports dated August 4 and October 10 , 1980. I would like to read you a couple of highlighted portions in these reports and get your response regarding their accuracy . The date of this examination was August 4 , 1980. " The ...
Page 18
... action be taken in order to perhaps protect assets that may be flying all about as funds and transactions have been flying about in this . I would like to get to what I think is the key entry in this whole matter , and this comes from ...
... action be taken in order to perhaps protect assets that may be flying all about as funds and transactions have been flying about in this . I would like to get to what I think is the key entry in this whole matter , and this comes from ...
Page 20
... action is necessary to seek reimbursement from Mr. Warner based upon the difference of the cost to lease the jet and the commercial airfare for the same destination . " Do you know if that action was ever taken ? Mr. TEw . I have no ...
... action is necessary to seek reimbursement from Mr. Warner based upon the difference of the cost to lease the jet and the commercial airfare for the same destination . " Do you know if that action was ever taken ? Mr. TEw . I have no ...
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Common terms and phrases
accepted accounting principles accounting principles acquired acquisition agency agreement American Savings approval arbitrage assets and liabilities audit basis Beverly Hills Savings BLACK BRILOFF business combination Certificates Chairman Gray CHRISTY committee confidential conflict of interest Counsel DINGELL Director documents equity Ewton examination reports Exchange Act fair value FASB Federal Home Loan Federal Savings FHLBB filed financial statements firm FSLIC funds GAAP going goodwill Government Securities hearing Home Loan Bank insured institutions intangible assets involved Kamp letter liquidation Loan Association Loan Bank Board Loan Insurance Corporation LUKEN matters million Mostek net worth NEUBERGER Office Ohio percent principal problems purchase question Raiden Receiver/Trustee record recusal regulations regulatory repo repurchase repurchase agreements request response reverse repo Savings and Loan Shepard Broad SIKORSKI staff Supervisory Agent Task Force Thomas Tew tion transaction voting trust Warner Washington worth WYDEN ZIMMERMAN
Popular passages
Page 638 - An employee shall avoid any action, whether or not specifically prohibited by this part, which might result in, or create the appearance of : (a) Using public office for private gain; (b) Giving preferential treatment to any person ; (c) Impeding Government efficiency or economy ; (d) Losing complete independence or impartiality; (e) Making a Government decision outside official channels; or (f ) Affecting adversely the confidence of the public in the integrity of the Government.
Page 638 - Except as provided in paragraphs (b) and (e) of this section, an employee shall not solicit or accept, directly or indirectly, any gift, gratuity, favor, entertainment, loan, or any other thing of monetary value, from a person who: (1) Has, or is seeking to obtain, contractual or other business or financial relations with...
Page 580 - DoD personnel shall avoid any action whether or not specifically prohibited by this part, which might result in, or create the appearance of: 1.
Page 639 - ... of interest. Remedial action may include, but is not limited to: (1) Changes in assigned duties; (2) Divestment by the employee or special Government employee of his conflicting interest; (3) Disciplinary action; or (4) Disqualification for a particular assignment.
Page 413 - No person, acting directly or indirectly or through or in concert with one or more other persons, shall acquire control of any insured depository institution through a purchase, assignment, transfer, pledge, or other disposition of voting stock of such insured depository institution unless the appropriate Federal banking agency has been given sixty days...
Page 412 - An insured institution if the person directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, or holds with power to vote, or holds proxies representing, more than 25 percent of the voting shares of such insured institution, or controls in any manner the election of a majority of the directors of such institution...
Page 386 - Unless Congress have and use every means of acquainting itself with the acts and the disposition of the administrative agents of the government, the country must be helpless to learn how it is being served ; and unless Congress both scrutinize these things and sift them by every form of discussion, the country must remain in embarrassing, crippling ignorance of the very affairs which it is most important that it should understand and direct The informing function of Congress should be preferred even...
Page 580 - Purpose. The maintenance of unusually high. standards of honesty, integrity, impartiality, and conduct by Government employees and special Government employees is essential to assure the proper performance of the Government business and the maintenance of confidence by citizens in their Government.
Page 643 - Commerce US House of Representatives Room 2125, Rayburn House Office Building Washington, DC 20515 Dear Mr.
Page 357 - Financial reporting should provide information that is useful to present and potential investors and creditors and other users in making rational investment, credit, and similar decisions.