SEC and Corporate Audits: Failure of ESM Government SecuritiesU.S. Government Printing Office, 1985 - Auditors |
From inside the book
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Page 1
... regarding ESM revealed that major participants in the Federal regulatory system exercised their responsibilities on the assumption that ( 1 ) " people are honest . " The ESM debacle is Hearings held on: Page November 4, 1985.
... regarding ESM revealed that major participants in the Federal regulatory system exercised their responsibilities on the assumption that ( 1 ) " people are honest . " The ESM debacle is Hearings held on: Page November 4, 1985.
Page 5
... participant with ESM was essentially a firm , most often a large savings and loan association , that would come to ESM and in essence sell securities ... participants who sought to lend ESM money on the other side of the transaction , and 5.
... participant with ESM was essentially a firm , most often a large savings and loan association , that would come to ESM and in essence sell securities ... participants who sought to lend ESM money on the other side of the transaction , and 5.
Page 7
... participants and made some rather interesting discoveries . We have before the panel , the committee members , a document that is captioned in the upper left - hand side ESM Government , and it is basically a daily sales blotter . A ...
... participants and made some rather interesting discoveries . We have before the panel , the committee members , a document that is captioned in the upper left - hand side ESM Government , and it is basically a daily sales blotter . A ...
Page 21
... participant to a larger - to a larger - and it looked as if the fourth would have been Freedom , had the pattern continued . You must remember Combank and American Bancshares , other banks Mr. Warner had also done other transactions ...
... participant to a larger - to a larger - and it looked as if the fourth would have been Freedom , had the pattern continued . You must remember Combank and American Bancshares , other banks Mr. Warner had also done other transactions ...
Page 22
... participants in the street , in numerous other transactions so for all intents and purposes it is gone , in this case , from Home State . Mr. DINGELL . Is that sloppy bookkeeping or how would you define it ? It manifests a lack of ...
... participants in the street , in numerous other transactions so for all intents and purposes it is gone , in this case , from Home State . Mr. DINGELL . Is that sloppy bookkeeping or how would you define it ? It manifests a lack of ...
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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
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