RJA #14: Annotated Bibliography, Part 2

"CRA Amendments in the Gramm-Leach Act." United States Senate Committee on Banking, Housing and Urban Affairs : Home. US Senate, n.d. Web. 20 Nov. 2009. .
The website is sponsored by the United States Senate Committee for Banking, Housing, and Urban Affairs. The information from the paper was supplied by a section on this website entitled “Summary of Provisions” and is part of a larger article called “Information Regarding the Gramm-Leach-Bliley Act of 1999”.
McLaughlin, Martin. "Clinton, Republicans agree to deregulation of US financial system." World Socialist Web Site. International Committee of the Fourth International , 1 Nov. 1999. Web. 20 Nov. 2009. .
This article was written by Martin McLaughlin for the World Socialist Web Site. The World Socialist Web Site is sponsored by the International Committee of the Fourth International, established in 1938. This website and the sponsoring company have a political agenda towards worldwide Socialism, but the article referenced carried the same information that other websites/newspapers/journals had. The article discussed the repeal of the Glass-Steagall Act and the situation surrounding the eventual repeal of this Act. It discussed that one of the major supporters of this repeal was a company that directly benefited financially from the repeal. This information is common public knowledge and the facts were not twisted to support their agenda.
Online NewsHour. "Online NewsHour: Analysis Investment Banks Need Oversight March 26, 2008 PBS." PBS. Online NewsHour, 26 Mar. 2008. Web. 20 Nov. 2009. .
The Online NewsHour is on public television and is a news show that is ran by Robert MacNeil and Jim Lehrer and started in 1973. In 1983 it became the only national news broadcast that was an hour long. The NewsHour prides itself on reporting information that includes all perspectives. The article referenced in the research paper was a transcript of an interview from March 2008 between journalist Judy Woodruff, Treasury Secretary Henry Paulson, Heritage Foundation’s (a public policy research institute) David John, and co-director of the Center for Economic and Policy Research Dean Baker. They were discussing a variety of items, including the government oversight being returned to the financial institution after the bailout of Bear Stearns. There were several viewpoints included, and discussions were evenly presented.
"David C. John." The Heritage Foundation - Conservative Policy Research and Analysis. N.p., n.d. Web. 20 Nov. 2009. .
This is a biography page that established the credibility of David John. It discusses his role within The Heritage Foundation and his areas of expertise.
"FASB: Financial Accounting Standards Board." FASB: Financial Accounting Standards Board. FASB, n.d. Web. 21 Nov. 2009. .
This is a history of the Financial Accounting Standards Board (FASB) to establish credibility. The Board was started in 1973 and is officially recognized by the SEC as the authority for financial accounting. FASB oversees the private sector, while GASB oversees the government sector.
Gingrich, Newt, and David Kralik. "Articles & Commentary." Welcome to AEI. American Enterprise Institute for Public Policy Research, 5 Nov. 2008. Web. 22 Nov. 2009.
Newt Gingrich is the former Speaker of the U.S. House of Representatives and is now a Senior Fellow for the American Enterprise Institute for Public Policy Research, which was started in 1943. Their goal is to be nonpartisan and nonpolitical.

RJA #13b: Annotated Bibliography, Part 1

Frontline. “Frontline: The wall street fix: Mr. Weill goes to Washington: The long demise of Glass-Steagall PBS." PBS. Frontline, 8 May 2003. Web. 10 Nov. 2009. .
Frontline, a 26 year old television news source on PBS, has dedicated time and expertise in uncovering the financial problems of the last 10 years. The article referenced here explains why the repeal of Glass-Steagall helped companies become larger and ultimately led to the recession by removing the conflict of interest laws. The article explains the change of laws, and the history behind it, and it gives the facts without opinions.
Cornwell, Rupert . " The Big Question: What was Roosevelt's New Deal, and is something like it needed today? - World Politics, World - The Independent." The Independent News UK and Worldwide News Newspaper. The Independent World, 17 Sept. 2008. Web. 10 Nov. 2009. http://www.independent.co.uk/news/world/politics/the-big-question-what-was-roosevelts-new-deal-and-is-something-like-it-needed-today-932942.html
The Independent World is a British newspaper that started in 1986, and it printed in magazine form. The author of this article, Rupert Cornwell, has been with The Indepentent World since it’s inceptions, and has also written for Financial Times and Reuters. The particular article explains the history of the New Deal, and what it did to bring the United States out of the Great Depression. It also explains why something similar to it, or at least changing laws, might benefit us today.
"Gramm-Leach-Bliley Act of 1999." United States Senate Committee on Banking, Housing and Urban Affairs : Home. Senate.gov, 1 Nov. 1999. Web. 10 Nov. 2009. .
The source is direct from the governemtn website and explaines the Gramm-Leach-Bliley Act of 1999, which is the law that overturned the Glass-Steagall Act. The source states just the facts and has the orginal wording from the Act.
"Sarbanes-Oxley - Financial and Accounting Disclosure Information." Sarbanes-Oxley - Financial and Accounting Disclosure Information. Sarbanes-Oxley, 19 Nov. 2002. Web. 10 Nov. 2009. http://www.sarbanes-oxley.com/section.php
This source is the “go-to” website for any questions about Sarbanes-Oxley. It is unbiased and states only the facts and history of Sarbanes-Oxley.

RJA #13a: Field Research Report

I have not performed a field research project.

Power Point Presentation

http://www.slideshare.net/ebennet9

RJA #12c: Introduction Check

http://colleenschoolblog.blogspot.com/

http://lindseykaje.blogspot.com

RJA #12b: Presentation Plan

For my presentation, I will design it in Power Point and include charts and graphs that demonstrate the amounts of foreclosures, bankruptcys, and banks and financial institutions that have failed in the last ten years. I will have a section on the New Deal that tells the history behind government oversight of banks, and a section that discusses the law that changed in 1999, when government oversight was removed.

RJA 12a: Progress Report

I am up to date with my posts, and I have completed my thesis and introduction, and textbook readings, up to week 12, (this week), and I have watched and read the links and assignments from the learning modules. I have five pages of bookmarks on my Delicious account, and I have been working through them, reading them for relevancy and removing ones that don’t apply at all to my topic. I have been learning a lot about my topic and have found different directions to explore while developing my paper.
For my 'to do' list, I will read chapter’s 8 and 12 by Monday November 9, and have my outline, Presentation, and extra credit assignment 2 completed by November 9. For the week of November 10 (week 13) it looks like there is a journal assignment 13 and discussion 8, which I will hopefully have completed by November 16. After that I will continue to follow the weekly assignments when they are posted with due dates.

RJA 11c: Thesis Statement Check

http://lindseykaje.blogspot.com
http://meaganandersen.blogspot.com

RJA 11b: Visual Aids

Graphic showing the names of the major accounting firms that failed over the last few years.
Some type of graphic showing the amount of bankruptcies over the last 10 years
Some type of graphic/chart showing the amount of foreclosures over the last 10 years.
Graphic showing the names of the accounting standard, GAAP
A copy of a headline that says “recession”, maybe from a newspaper printed in late 2008 after President Bush officially announced that we are in a recession.

RJA 11a: Introduction

Government oversight over banks and other financial institutions is critical in preventing another recession, or worse, another Great Depression. Accounting standards must be changed as well, to allow for more honest and consistent financial reporting from companies. The American people have been losing jobs, losing their homes, having to file for bankruptcy, and losing their faith in the government because of the state of the economy over the last ten years. Companies have been able to change their financial statements and defraud the American people and the government has allowed it by changing the law’s regarding oversight. There should be government oversight of banking and financial institutions, and a new accounting standard should be implemented and enforced, to ensure that the American people and the Government are not defrauded by companies that hide profits and losses in accounting reports.

RJA 10b: Argument

Research question: Should there be government oversight of banks and financial industries, or would a new accounting standard be enough to stop a recession?
Answer/thesis/claim: There should be government oversight of banking and financial institutions, and a new accounting standard should be implemented and enforced, to ensure that the American people and the Government are not defrauded by companies that hide profits and losses in accounting reports.
Ethos: Government oversight over banks and financial institutions should be reinstated to control what banks are doing and how they are reporting financial gains and losses.
Would your audience find appeals based on ethos to be persuasive? Where and how will you demonstrate your credibility and authority as an author? I think my audience would respond to ethos as my argument. I will find sources written by experts in the field to back this up.
Pathos: Government oversight should be reinstated to spare the American people any future pain and stress from foreclosures, job losses, and bankruptcy.
Would your audience find appeals based on pathos to be persuasive? Where and how will you include appeals to the audience’s emotions? My audience might respond to pathos, but on a limited basis. A lot of people have been impacted emotionally by the economy over the last few years, but there still needs to be fact based evidence to back up my argument.
Logos:
Would your audience find appeals based on logos to be persuasive? Where and how will you appeal to your audience through logic and reasoning? I think my audience would respond to logos, its logic and reasoning, and everyone responds to a logical and reasonable argument.

RJA #10a: Thesis Statement

Research Question:
Should there be government oversight of banks and financial industries, or would a new accounting standard be enough to stop a recession?
Precise Claim:
There should be government oversight of banks and financial industries, and a new accounting standard would not be enough to stop a recession, although it would help to forecast a possible recession.
Reasons/blueprint:
Government oversight of banking and financial industries was created after the Great Depression in the New Deal, and it was created to make sure there was a committee that would oversee banks and create confidence in the American public that the government would not let another Great Depression happen.
Accounting reports help the government and other’s to recognize if a company is in danger of going bankrupt or if they are defrauding the public and investors. A new accounting standard that made companies more transparent to people reading those reports would help to identify signs and symptoms of a possible future recession.
Complete thesis statement:
There should be government oversight of banking and financial institutions, and a new accounting standard should be implemented and enforced, to ensure that the American people and the Government are not defrauded by companies that hide profits and losses in accounting reports.

RJA 9: Evaluation of Sources

(2008). Financial Crisis in America. Huntington: Nova Science Publishers.
The author reflects on what caused the Recession in America, if it was the mortgage crisis or 9/11 aftermath, or lending practices or accounting practices that took place off the books and bad balance sheets that were not reported. The author speculates if the current situation will be judged harsh enough to make new restrictions on accounting and reporting practices to lower incidences’ of losses. I think the intended audience is the general public with a financial understanding. This book is appropriate for my needs. The content source is opinion’s based on fact. The language is objective. I thought the coverage was comprehensive and I enjoyed reading it. I learned about different theories that I will probably come across while I’m writing my paper. The source is current, published in 2009.
Reutors. (2009, August 6). AIG break-up could mean $1 billion for Wall Street banks and lawyers. New York News, Traffic, Sports, Weather, Photos, Entertainment, and Gossip - NY Daily News. Retrieved November 5, 2009, from http://www.nydailynews.com/money/2009/08/06/2009-08-06_aig_.html
This article had an intended audience of the general public. The content was fact based, and it was explaining that AIG would be assisted in breaking the company apart by Wall Street Banks and Lawyers, as well as accounting company Ernst and Young, that are also getting money from the government. So these companies will be paid in two different ways from the downfall of AIG. There will be a conflict of interest when this happens. I do not think there was enough evidence offered to support the article. The language was objective, and I found the article to oversimplify the situation. The author did not use any other sources, and it was written in August, 2009. Although this article was interesting to read, I will not be using this article for my paper.
LEONARD, D. (2009, October 3). Off the Shelf - Recession, You Look Familiar - Review - NYTimes.com. The New York Times - Breaking News, World News & Multimedia. Retrieved November 5, 2009, from http://www.nytimes.com/2009/10/04/business/economy/04shelf.html?_r=1
This article talks about how history repeats itself, and the signs of the recession that were present in the US for the last 10 years were also present in other countries that have suffered from recessions. The intended audience is the general public. The article seemed to be opinionated, but also based in fact, and the author has evidence and sound reason to support the stance. It offered evidence to support the facts, and it was interesting reading them. The language was objective, and there weren’t broad generalizations. Some of the information I read in this article I have heard about and read in other articles. The article is current, and I will be using this in my paper.
bandyk, m. (2009, June 29). Sarbanes-Oxley Reform Needed For Stimulus? - Capital Commerce (usnews.com). US News & World Report - Breaking News, World News, Business News, and America's Best Colleges - USNews.com. Retrieved November 6, 2009, from http://www.usnews.com/money/blogs/capital-commerce/2009/06/29/sarbanes-oxley-reform-needed-for-stimulus.html
This article talks about how revamping the Sarbanes-Oxley Act might help fix the economy. This has been a reoccurring them I have seen during my research, and I will be talking about it in my paper. This article’s audience would have to include people who are familiar with Sarbanes-Oxley, and who already have an opinion about it, as this article is attempting to build an argument for revamping it. The source of the article is opinion and although there is fact to base the opinions on, the facts weren’t supported very well. The author cites other’s in this article, and then expands off their ideas. I will use this in my paper, but only as a starting point for other articles.
IOMA - GAAP Changes. (n.d.). IOMA Home Page. Retrieved November 6, 2009, from http://www.ioma.com/issues/CPAPR/2009_8/1621322-1.html
This article talks about the new accounting standards. The language was objective and based in fact. I probably won’t use this article in my paper.
volpe, m. (2008, September 19). The Provocateur: Bank Deregulation and the Financial Meltdown. The Provocateur. Retrieved November 6, 2009, from http://theeprovocateur.blogspot.com/2008/09/bank-deregulation-and-financial.html
This article is a blog, written one year ago. This article is a personal blog, and is written using fact based arguments. The article is explaining how deregulation and required separation of financial institutions was based on what we learned from the Great Depression. It explains how the Financial Services Modernization Act of 1999 did away with the separation, which played a part in the financial situation we are in now. This supports a lot of research I have previously found, and I will be using this blog to help with history and information for my research paper. The author supports what he is writing with information supporting cites and referrals, which lends the article credibility.