You know what’s sexy?  Being informed.  That is, knowing what the hell is going on in that crazy world out there and being able to discuss intelligently.   You wanna make small talk, that’s your prerogative but personally I’d rather chew broken glass. We’ll give you a daily does of some stuff out there that you should be reading so you’ll be on top of your game.  Some will be accounting related and some won’t but it will useful (or humorous) so that when people think about you, they won’t think about that lousy conversation they had about SFAS 161.

Watch Banks Pull Rabbits Out of Hats, Ably Assisted by Their Auditors [Re: The Auditors]

If there’s one thing about TBTF Banks, it’s that…they’re TBTF.  But they have accomplices.

Have You Considered Becoming an Accounting Professor? [Going Concern]

Fed up with your career?  Miss school?  Pretty much got nothing going?  Become one of those profs the college kids rave about.

How to Guard Against Fruad [Journal of Accountancy]

Joseph T. Wells tells you how.

Blacks May Tilt Balance in Vote to Legalize Marijuana [NYT]

Prop 19 in California is going to be a close vote.  Whether or not it passes may depend on the seemingly divided Black population.

Anti-incumbent mood fuels term limit debate [CNN]

Do we really need the same, old unsexy representation in Congress for decades upon decades?

Bring Transparency to Off-Balance Sheet Accounting [Roosevelt Institute]
Frank Partnoy and Lynn Turner give you the lowdown.

Obama Signs Dodd-Frank Reform Bill [JofA]
The ambitious Obama agenda rolls on with Dodd-Act getting the John Hancock of #44 on Wednesday.

Congratulations, You Idiots, You Broke the Bond Market [JDA]
What?!? Are you saying Congress may have passed legislation that could unforeseen repercussions? GET OUT.