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Did a Cyber Attack or Software Glitch Cause the Stock Market to Crash on May 6, 2010?
Thursday, 06 May 2010
The stock market did some odd things on May 6, 2010. In what was one of the most volatile days in the history of the markets, major indices dropped nearly 10% before rebounding to losses of 3-4% by the close of the extremely volatile trading session. Shortly after close, rumors began to circulate about the cause of the momentous drop that occurred during the session when some major stocks temporarily lost significant market share. Read more...
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GAAPSTER - Accounting, Finance, and Economic News
Total Economic Collapse
Monday, 02 February 2009 21:22

questionSo, exactly how close were we to total economic collapse during the month of September 2008? According to Representative Paul Kanjorski (D-PA), a senior member of the Financial Services Committe, we were very close to a global collapse on September 18, 2008.
 
The SEC Will Not Repeal SFAS No. 157
Saturday, 10 January 2009 20:11

On December 30, 2008 the Securities and Exchange Commission released the SEC Report to Congress on Mark-to-Market Accounting. This report, as widely anticipated, recommended against a suspension of Statement of Financial Accounting Standard Number 157, Fair Value Measurements (“SFAS No. 157”). Additionally, the report recommended against a suspension of existing mark-to-market and fair value requirements.

 
The SEC Recommends Improvements to Mark-to-Market Requirements
Saturday, 10 January 2009 21:07

On December 30, 2008 the Securities and Exchange Commission released the SEC Report to Congress on Mark-to-Market Accounting. This report included several anticipated recommendations for improving requirements for fair value measurements.
 
Responsibility for the Financial Crisis
Wednesday, 17 September 2008 14:20

An in-depth discussion ofthe various factors that led to the current financial crisis.

 

Global Stock Markets

 
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SymbolTradeChange% Chg
^DJI10,447.93127.831.24%
^GSPC1,104.5114.411.32%
^IXIC2,233.7533.741.53%
^FTSE5,428.1557.111.06%
^GDAXI6,134.6250.770.83%
^FCHI3,672.2040.771.12%
^N2259,114.1351.290.57%
^HSI20,971.50102.580.49%
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