The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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Previous Posts
2/26/2007
Citigroup Facing Scrutiny over Accounting for Associates First Capital
Megabank, Citigroup, purchased sub-prime lender, Associates First Capital in 2000 for a little over $31 billion. The SEC, it seems, is quite interested in examining Citigroup's accounting practices when it comes to accounting for AFC's tax reserves and releases. Citigroup/AFC also remains under the gun in a long running investigation into the firm's (potentially abusive) lending practices.

-- MDT

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1 comments DIGG DEL.ICIO.USTECHNORATI
1 Comments.
Blogger jj mollosaid...
Did the Office of Risk Assessment identify the sub-prime crisis as a problem?
January 22, 2008  
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