On Dec. 14, while he was riding Amtrak's Acela train from New York to Washington, he opened an e-mail that detailed problems in the auction-rate markets, which were seizing up because of the blossoming credit crisis.

FORBES: Legal

My colleague, Ashlea Ebeling, has detailed here problems she sees with new restrictions that kick in Jan.1 on the use of money from pre-tax medical flexible savings accounts, health savings accounts and health reimbursement accounts.

FORBES: Doctors Say Obamacare FSA Rules Could Drive Up Costs

The competition watchdog said "there are competition problems in the audit market", and added that it could ask the Competition Commission to conduct a detailed investigation, because the "statutory test" for a reference to the Commission had been passed.

BBC: Can the stranglehold of Big Four auditors be broken?