Ernst & Young Pays $4 Million to SEC for Illegally Lobbying Congress

By: Thursday July 17, 2014 1:28 pm

Ernst & Young, one the largest and most prestigious accounting firms in the country, has agreed to pay the SEC $4 million to settle charges of illegally lobbying Congress. Though in the institutional role of independent auditor, Ernst & Young employees lobbied congressional staff on behalf of two of their clients providing “prohibited legislative advisory services.”


Pope Francis Reminds Me of Gorbachev

By: Friday November 29, 2013 3:20 pm

Pope Francis is beginning to remind me of Mikhail Gorbachev. the same noble intention to open up a very old, very secret, very bureaucratic, very vertical organization, and make it more transparent (Glasnost) and reform it (Perestroika).

Late Night FDL: A Little Holiday Season Whitewashing

By: Thursday December 29, 2011 8:00 pm

So here we are, the week between Christmas and New Years. This is a slow news time (as David Dayen noted here), yet it is a classic time for “take out the trash” type news dumps.

Repo 105: It’s Nothing, Really Nothing

By: Thursday September 23, 2010 4:00 pm

Repo 105? What’s that? It’s immaterial, and besides, Ernst & Young says it’s great. And we told you we were screwing around with our balance sheet. So go away, silly investor. We took your money fair and square.

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