News Sweep: June 28

Jun 28, 2010

By Heidi N. Moore, contributor

Uncertainty: The Washington Post says that the death of Sen. Robert Byrd, 92, will further complicate the already byzantine road to financial reform.
Related: The American Prospect says nothing, not even Byrd's death, will stop the course of financial reform.
Related: At Harvard Business Review, Justin Fox reviews the ideas of financial reform versus its ideals.

Aflac: The insurer ducked disaster by dumping all of its holdings in the sovereign debt of Greece at a loss of $67 million before it fell into deeper water. That's no financial quackery.

Municipal bankruptcies: This American Life comes out with the first of a two-part series. Hat tip to Paul Kedrosky.

The G-20: PIMCO's Mohamed El-Erian purses his lips in displeasure.
Related: Neither is Sebastian Mallaby impressed, over at the Council on Foreign Relations.

Sarbanes-Oxley: The Supreme Court decided that the Public Company Accounting Oversight Board, or PCAOBO, is unconstitutional. But, as Roger Parloff writes for Fortune, Sarbanes-Oxley itself remains in rude health.

Tesla Motors: Its IPO comes closer. Investors say "squee!"

--Heidi Moore is Sweeping the Street for the next two weeks while Colin Barr is on Vacation.

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