Despite the economic risks posed by misleading accounting, the bean counters perform their duties with relative impunity. The big firms have persuaded governments that litigation against them is an existential threat to the economy. The unparalleled advantages of a guaranteed market with huge upside and strictly limited downside are the pillars on which the big four’s multi-billion-dollar businesses are built. They are free to make profit without fearing serious consequences of their abuses, whether it is the exploitation of tax laws, slanted consultancy advice or overlooking financial crime.Read more "Who’d Trust Charles Bowman?"
As the calendar year changes many people like to speculate about what the future holds. We were wondering about the fate of the City of London council, and thought it would be useful to do a simple Tarot reading for the Corporation. We did a three card past/present/future spread. What we turned up shows the long term outlook for the City to be very bleak.Read more "Corporation of London Is Going To Hell In A Handcart"