#insolvency — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #insolvency, aggregated by home.social.
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Japan Corporate Bankruptcies Rise 10.1% to 827 in August, Highest for the Month Since 2012
KEY POINTSJapan August corporate bankruptcies rise 10.1% to 827, exceeding 800 for the first time since 2012Service and…
#EuropeSays #Japan #JP #constructionsector #corporatebankruptcies #insolvency #Kinki #liabilities #Nihon #servicessector #TeikokuDatabank
https://www.europesays.com/japan/88391/ -
https://www.europesays.com/ie/654634/ Unseated and insolvent: Inside Horse Sport Ireland’s financial crisis #AAB #accounancy #Business #Éire #horse #HSI #IE #insolvency #Ireland #restructuring
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Seoul Court Pilots Korean Version of Chapter 11 Restructuring
Seoul Bankruptcy Court. Reporter Oh Seung-hyun The Seoul Bankruptcy Court is pushing to change a long-standing practice of…
#EuropeSays #Korea #KR #Seoul #Chapter11 #corporaterehabilitation #creditornegotiations #examinerappointment #insolvency #SeoulBankruptcyCourt
https://www.europesays.com/korea/129197/ -
https://www.europesays.com/ie/627334/ Haibike, LaPierre parent company begins insolvency proceedings #Article #Articles #begins #bike #BikeBlog #Blog #Business #Company #Éire #Haibike #IE #insolvency #Ireland #LaPierre #Mountain #MountainBike #MountainBiking #mtb #News #parent #proceedings #Singletracks
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Canada’s outlook brightens: Fitch – Investment Executive
Despite ongoing trade-related uncertainty, Canada’s economic outlook is expected to improve this year, says Fitch Ratings. In a…
#Canada #asset-backedsecuritiesandcommercialpaper #consumerspending #Economicforecasts #economicindicators #employment #FitchRatings #Inflation #Insolvency #oil #recession #Tariffs #TradeWar #wages
https://www.europesays.com/canada/158588/ -
According to the Leibniz Institute for Economic Research Halle (IWH), the number of insolvencies registered by both individuals and corporate entities in German... https://news.osna.fm/?p=58287 | #news #above #crisis #germanys #insolvency
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According to the Leibniz Institute for Economic Research Halle (IWH), the number of insolvencies registered by both individuals and corporate entities in German... https://news.osna.fm/?p=58287 | #news #above #crisis #germanys #insolvency
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According to the Leibniz Institute for Economic Research Halle (IWH), the number of insolvencies registered by both individuals and corporate entities in German... https://news.osna.fm/?p=58287 | #news #above #crisis #germanys #insolvency
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Jones Day appoints restructuring partner in Australia https://www.byteseu.com/2236565/ #Australia #ChrisLovrien #Finance #insolvency #JonesDay #Milbank #NicholasDunstone #restructuring #singapore #Sydney
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Ah, #Varta, the Energizer Bunny of #insolvency 🤖🔋, hopping tirelessly into financial oblivion. Reuters invites us to enable #JavaScript and disable our sanity to witness this riveting corporate trainwreck. Because who wouldn't want to watch a battery company run out of juice? 🔋🚫💥
https://www.reuters.com/business/german-battery-maker-varta-files-insolvency-applications-2026-07-24/ #CorporateTrainwreck #BatteryIndustry #FinancialNews #HackerNews #ngated -
Ah, #Varta, the Energizer Bunny of #insolvency 🤖🔋, hopping tirelessly into financial oblivion. Reuters invites us to enable #JavaScript and disable our sanity to witness this riveting corporate trainwreck. Because who wouldn't want to watch a battery company run out of juice? 🔋🚫💥
https://www.reuters.com/business/german-battery-maker-varta-files-insolvency-applications-2026-07-24/ #CorporateTrainwreck #BatteryIndustry #FinancialNews #HackerNews #ngated -
Ah, #Varta, the Energizer Bunny of #insolvency 🤖🔋, hopping tirelessly into financial oblivion. Reuters invites us to enable #JavaScript and disable our sanity to witness this riveting corporate trainwreck. Because who wouldn't want to watch a battery company run out of juice? 🔋🚫💥
https://www.reuters.com/business/german-battery-maker-varta-files-insolvency-applications-2026-07-24/ #CorporateTrainwreck #BatteryIndustry #FinancialNews #HackerNews #ngated -
Ah, #Varta, the Energizer Bunny of #insolvency 🤖🔋, hopping tirelessly into financial oblivion. Reuters invites us to enable #JavaScript and disable our sanity to witness this riveting corporate trainwreck. Because who wouldn't want to watch a battery company run out of juice? 🔋🚫💥
https://www.reuters.com/business/german-battery-maker-varta-files-insolvency-applications-2026-07-24/ #CorporateTrainwreck #BatteryIndustry #FinancialNews #HackerNews #ngated -
Ah, #Varta, the Energizer Bunny of #insolvency 🤖🔋, hopping tirelessly into financial oblivion. Reuters invites us to enable #JavaScript and disable our sanity to witness this riveting corporate trainwreck. Because who wouldn't want to watch a battery company run out of juice? 🔋🚫💥
https://www.reuters.com/business/german-battery-maker-varta-files-insolvency-applications-2026-07-24/ #CorporateTrainwreck #BatteryIndustry #FinancialNews #HackerNews #ngated -
German battery maker Varta files insolvency applications
Comments: https://news.ycombinator.com/item?id=49034219
#HackerNews #Varta #Insolvency #BatteryIndustry #Germany #BusinessNews
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German battery maker Varta files insolvency applications
Comments: https://news.ycombinator.com/item?id=49034219
#HackerNews #Varta #Insolvency #BatteryIndustry #Germany #BusinessNews
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German battery maker Varta files insolvency applications
Comments: https://news.ycombinator.com/item?id=49034219
#HackerNews #Varta #Insolvency #BatteryIndustry #Germany #BusinessNews
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German battery maker Varta files insolvency applications
Comments: https://news.ycombinator.com/item?id=49034219
#HackerNews #Varta #Insolvency #BatteryIndustry #Germany #BusinessNews
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German battery maker Varta files insolvency applications
Comments: https://news.ycombinator.com/item?id=49034219
#HackerNews #Varta #Insolvency #BatteryIndustry #Germany #BusinessNews
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In trying to undersand why the world is going to shit, we have discovered why the upper echelons of corporate management (and large institutional investors) are all in on #LLM-based #GenAISlop applications (#Enshitification personified). They’ve all succumbed to #AIPsychosis, assuredly a neurological condition with built-in #Denialism, with the only known cure being #Insolvency followed by #StockMarketCrash and global #EconomicCollapse.
In parallel, the question that is really bugging me is: why do #RightWing nut jobs keep banging their heads against a wall? Do they suffer from a similar type of neurological impairment? I originally thought they were all motivated to behave like they do because of particular unresolved character flaws that I conflatingly call ‘victimhood’. A self flagellation of the soul. A longing to be confirmed martyrs and pitied as such while raging at the world as the cause of their affliction — the circulatity is staggering. A condition recently appearing to be of epidemic proportion.
An article in #NewPolitics (Eddy Jokovich) has another explanation from the political perspective: A craving for limelight and a fundamental propensity to be lazy;
“…rather than developing policies for Australia’s actual economic, social and environmental challenges, the Australian right wants to import a prefab Trump–Farage–CPAC culture war that has never borne any electoral fruit in the past. So why do they keep doing it? Because it’s cheaper than developing the serious policy work, it’s far more angry than decent democratic debate, and it’s a lot easier than governing competently.” (NOTE: I have reservations about the claim of electoral ineffectiveness)
Read more:
https://www.newpolitics.com.au/p/hansons-white-privilege-tour-sponsored
I prefer to think the old saying has it right: that making the same mistake over and over again without changing/learning anything is a positive maker for utter insanity.
#AusPol #RWNJs #PHON #Nationals #Libs #PoliticalRage #Mirroring #CPAC #WhiteAustralia #Misogyny #Manosphere #NeoLiberalism #Politics #ConArtists #Grifters #TaxTheRich #Antifa #Conservatism
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In trying to undersand why the world is going to shit, we have discovered why the upper echelons of corporate management (and large institutional investors) are all in on #LLM-based #GenAISlop applications (#Enshitification personified). They’ve all succumbed to #AIPsychosis, assuredly a neurological condition with built-in #Denialism, with the only known cure being #Insolvency followed by #StockMarketCrash and global #EconomicCollapse.
In parallel, the question that is really bugging me is: why do #RightWing nut jobs keep banging their heads against a wall? Do they suffer from a similar type of neurological impairment? I originally thought they were all motivated to behave like they do because of particular unresolved character flaws that I conflatingly call ‘victimhood’. A self flagellation of the soul. A longing to be confirmed martyrs and pitied as such while raging at the world as the cause of their affliction — the circulatity is staggering. A condition recently appearing to be of epidemic proportion.
An article in #NewPolitics (Eddy Jokovich) has another explanation from the political perspective: A craving for limelight and a fundamental propensity to be lazy;
“…rather than developing policies for Australia’s actual economic, social and environmental challenges, the Australian right wants to import a prefab Trump–Farage–CPAC culture war that has never borne any electoral fruit in the past. So why do they keep doing it? Because it’s cheaper than developing the serious policy work, it’s far more angry than decent democratic debate, and it’s a lot easier than governing competently.” (NOTE: I have reservations about the claim of electoral ineffectiveness)
Read more:
https://www.newpolitics.com.au/p/hansons-white-privilege-tour-sponsored
I prefer to think the old saying has it right: that making the same mistake over and over again without changing/learning anything is a positive maker for utter insanity.
#AusPol #RWNJs #PHON #Nationals #Libs #PoliticalRage #Mirroring #CPAC #WhiteAustralia #Misogyny #Manosphere #NeoLiberalism #Politics #ConArtists #Grifters #TaxTheRich #Antifa #Conservatism
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In trying to undersand why the world is going to shit, we have discovered why the upper echelons of corporate management (and large institutional investors) are all in on #LLM-based #GenAISlop applications (#Enshitification personified). They’ve all succumbed to #AIPsychosis, assuredly a neurological condition with built-in #Denialism, with the only known cure being #Insolvency followed by #StockMarketCrash and global #EconomicCollapse.
In parallel, the question that is really bugging me is: why do #RightWing nut jobs keep banging their heads against a wall? Do they suffer from a similar type of neurological impairment? I originally thought they were all motivated to behave like they do because of particular unresolved character flaws that I conflatingly call ‘victimhood’. A self flagellation of the soul. A longing to be confirmed martyrs and pitied as such while raging at the world as the cause of their affliction — the circulatity is staggering. A condition recently appearing to be of epidemic proportion.
An article in #NewPolitics (Eddy Jokovich) has another explanation from the political perspective: A craving for limelight and a fundamental propensity to be lazy;
“…rather than developing policies for Australia’s actual economic, social and environmental challenges, the Australian right wants to import a prefab Trump–Farage–CPAC culture war that has never borne any electoral fruit in the past. So why do they keep doing it? Because it’s cheaper than developing the serious policy work, it’s far more angry than decent democratic debate, and it’s a lot easier than governing competently.” (NOTE: I have reservations about the claim of electoral ineffectiveness)
Read more:
https://www.newpolitics.com.au/p/hansons-white-privilege-tour-sponsored
I prefer to think the old saying has it right: that making the same mistake over and over again without changing/learning anything is a positive maker for utter insanity.
#AusPol #RWNJs #PHON #Nationals #Libs #PoliticalRage #Mirroring #CPAC #WhiteAustralia #Misogyny #Manosphere #NeoLiberalism #Politics #ConArtists #Grifters #TaxTheRich #Antifa #Conservatism
-
In trying to undersand why the world is going to shit, we have discovered why the upper echelons of corporate management (and large institutional investors) are all in on #LLM-based #GenAISlop applications (#Enshitification personified). They’ve all succumbed to #AIPsychosis, assuredly a neurological condition with built-in #Denialism, with the only known cure being #Insolvency followed by #StockMarketCrash and global #EconomicCollapse.
In parallel, the question that is really bugging me is: why do #RightWing nut jobs keep banging their heads against a wall? Do they suffer from a similar type of neurological impairment? I originally thought they were all motivated to behave like they do because of particular unresolved character flaws that I conflatingly call ‘victimhood’. A self flagellation of the soul. A longing to be confirmed martyrs and pitied as such while raging at the world as the cause of their affliction — the circulatity is staggering. A condition recently appearing to be of epidemic proportion.
An article in #NewPolitics (Eddy Jokovich) has another explanation from the political perspective: A craving for limelight and a fundamental propensity to be lazy;
“…rather than developing policies for Australia’s actual economic, social and environmental challenges, the Australian right wants to import a prefab Trump–Farage–CPAC culture war that has never borne any electoral fruit in the past. So why do they keep doing it? Because it’s cheaper than developing the serious policy work, it’s far more angry than decent democratic debate, and it’s a lot easier than governing competently.” (NOTE: I have reservations about the claim of electoral ineffectiveness)
Read more:
https://www.newpolitics.com.au/p/hansons-white-privilege-tour-sponsored
I prefer to think the old saying has it right: that making the same mistake over and over again without changing/learning anything is a positive maker for utter insanity.
#AusPol #RWNJs #PHON #Nationals #Libs #PoliticalRage #Mirroring #CPAC #WhiteAustralia #Misogyny #Manosphere #NeoLiberalism #Politics #ConArtists #Grifters #TaxTheRich #Antifa #Conservatism
-
In trying to undersand why the world is going to shit, we have discovered why the upper echelons of corporate management (and large institutional investors) are all in on #LLM-based #GenAISlop applications (#Enshitification personified). They’ve all succumbed to #AIPsychosis, assuredly a neurological condition with built-in #Denialism, with the only known cure being #Insolvency followed by #StockMarketCrash and global #EconomicCollapse.
In parallel, the question that is really bugging me is: why do #RightWing nut jobs keep banging their heads against a wall? Do they suffer from a similar type of neurological impairment? I originally thought they were all motivated to behave like they do because of particular unresolved character flaws that I conflatingly call ‘victimhood’. A self flagellation of the soul. A longing to be confirmed martyrs and pitied as such while raging at the world as the cause of their affliction — the circulatity is staggering. A condition recently appearing to be of epidemic proportion.
An article in #NewPolitics (Eddy Jokovich) has another explanation from the political perspective: A craving for limelight and a fundamental propensity to be lazy;
“…rather than developing policies for Australia’s actual economic, social and environmental challenges, the Australian right wants to import a prefab Trump–Farage–CPAC culture war that has never borne any electoral fruit in the past. So why do they keep doing it? Because it’s cheaper than developing the serious policy work, it’s far more angry than decent democratic debate, and it’s a lot easier than governing competently.” (NOTE: I have reservations about the claim of electoral ineffectiveness)
Read more:
https://www.newpolitics.com.au/p/hansons-white-privilege-tour-sponsored
I prefer to think the old saying has it right: that making the same mistake over and over again without changing/learning anything is a positive maker for utter insanity.
#AusPol #RWNJs #PHON #Nationals #Libs #PoliticalRage #Mirroring #CPAC #WhiteAustralia #Misogyny #Manosphere #NeoLiberalism #Politics #ConArtists #Grifters #TaxTheRich #Antifa #Conservatism
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Another entity files for insolvency after a data breach. Sounds like the data breach was responsible in this case. From ZEGO's notice:
"The cyberattack of March 29, 2026, however, impacted our company to an extent that we could not fully compensate for despite our best efforts. The consequences resulted in a production outage of nearly six weeks and significant financial strain. These effects ultimately impacted our financial situation so severely that filing for insolvency became necessary. "
https://www.zego-tvz.com/wichtige-information/
I didn't find any group listed as claiming responsibility for this incident.
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Another entity files for insolvency after a data breach. Sounds like the data breach was responsible in this case. From ZEGO's notice:
"The cyberattack of March 29, 2026, however, impacted our company to an extent that we could not fully compensate for despite our best efforts. The consequences resulted in a production outage of nearly six weeks and significant financial strain. These effects ultimately impacted our financial situation so severely that filing for insolvency became necessary. "
https://www.zego-tvz.com/wichtige-information/
I didn't find any group listed as claiming responsibility for this incident.
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Another entity files for insolvency after a data breach. Sounds like the data breach was responsible in this case. From ZEGO's notice:
"The cyberattack of March 29, 2026, however, impacted our company to an extent that we could not fully compensate for despite our best efforts. The consequences resulted in a production outage of nearly six weeks and significant financial strain. These effects ultimately impacted our financial situation so severely that filing for insolvency became necessary. "
https://www.zego-tvz.com/wichtige-information/
I didn't find any group listed as claiming responsibility for this incident.
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Another entity files for insolvency after a data breach. Sounds like the data breach was responsible in this case. From ZEGO's notice:
"The cyberattack of March 29, 2026, however, impacted our company to an extent that we could not fully compensate for despite our best efforts. The consequences resulted in a production outage of nearly six weeks and significant financial strain. These effects ultimately impacted our financial situation so severely that filing for insolvency became necessary. "
https://www.zego-tvz.com/wichtige-information/
I didn't find any group listed as claiming responsibility for this incident.
-
Another entity files for insolvency after a data breach. Sounds like the data breach was responsible in this case. From ZEGO's notice:
"The cyberattack of March 29, 2026, however, impacted our company to an extent that we could not fully compensate for despite our best efforts. The consequences resulted in a production outage of nearly six weeks and significant financial strain. These effects ultimately impacted our financial situation so severely that filing for insolvency became necessary. "
https://www.zego-tvz.com/wichtige-information/
I didn't find any group listed as claiming responsibility for this incident.
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Cover Story: Social Security – Its history and its future | Cover Story
Cover Story: Social Security. Its history and future.
Last week, Senators Elizabeth Warren and Bernie…
#NewsBeep #News #Personalfinance #Business #earningscap #Finance #insolvency #legislation #PersonalFinance #Retirement #SocialSecurity #UK #UnitedKingdom
https://www.newsbeep.com/uk/675903/ -
https://www.europesays.com/ie/570835/ Cover Story: Social Security – Its history and its future | Cover Story #Business #EarningsCap #Éire #IE #insolvency #Ireland #legislation #PersonalFinance #PersonalFinance #Retirement #SocialSecurity
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Cover Story: Social Security – Its history and its future | Cover Story
Cover Story: Social Security. Its history and future.
Last week, Senators Elizabeth Warren and Bernie…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #earningscap #insolvency #Legislation #PersonalFinance #retirement #socialsecurity
https://www.newsbeep.com/us/745593/ -
Cover Story: Social Security – Its history and its future | Cover Story
Cover Story: Social Security. Its history and future.
Last week, Senators Elizabeth Warren and Bernie…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #earningscap #insolvency #Legislation #PersonalFinance #retirement #socialsecurity
https://www.newsbeep.com/us/745593/ -
Exclusive: Top FTSE executive recruiter goes bust after AI platform launch
Saturday 04 July 2026 1:38 am | Updated: Friday 03 July 2026 5:25 pm The headhunter has poached talent…
#NewsBeep #News #Artificialintelligence #AI #Apple #ArtificialIntelligence #artificialintelligence(ai)androbots #AstonMartin #BurgerKing #Business #company #Consulting #Finance #ftse #FTSE100 #FTSE250 #fullers #insolvency #recruitment #Technology #UK #UnitedKingdom
https://www.newsbeep.com/uk/673506/ -
https://www.europesays.com/africa/315379/ Synergy sues I&M Bank for Sh6bn over stalled 14 Riverside sale #14Riverside #CapeHoldings #DebtRecovery #I&MBank #insolvency #Kenya #Litigation #MarexTort #SynergyIndustrialCredit
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BKL wins mandate to advise Korea’s financially strained Sambu
Bae Kim & Lee (BKL) is the sole legal adviser working on Sambu Engineering & Construction’s corporate rehabilitation…
#EuropeSays #Britain #Europe #EU #BAESystems #BAE #BaeKim&Lee(BKL) #capitalmarkets #construction #corporaterestructuring #insolvency #JaewonLee #M&A #SangjaeLee #Seoul #SeungjinHuh #SiyoungChoi #SouthKorea #SungjunHong
https://www.europesays.com/britain/74859/ -
https://www.europesays.com/britain/74859/ BKL wins mandate to advise Korea’s financially strained Sambu #BAE #BaeKim&Lee(BKL) #BAESystems #CapitalMarkets #construction #CorporateRestructuring #insolvency #JaewonLee #M&A #SangjaeLee #Seoul #SeungjinHuh #SiyoungChoi #SouthKorea #SungjunHong
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https://www.europesays.com/people/100747/ Maker of lenses in Macron’s Davos sunglasses enters insolvency #ChristianDalloz #Davos #EmmanuelMacron #FrenchManufacturer #FrenchMedia #insolvency #TheCommercialCourt
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US social security payments: Americans may see benefit cut by over $500/month in next six years — What we know
The Committee for a Responsible Federal Budget has released a report mapping the “Impact of “Social Security’s…
#NewsBeep #News #Personalfinance #americans #AU #Australia #beneficiaries #Benefitcuts #Benefits #Business #Finance #insolvency #money #PersonalFinance #retirementbenefits #SocialSecurity #SocialSecuritypayments #TrustFund #USsocialsecurity
https://www.newsbeep.com/au/714112/ -
US social security payments: Americans may see benefit cut by over $500/month in next six years — What we know
The Committee for a Responsible Federal Budget has released a report mapping the “Impact of “Social Security’s…
#NewsBeep #News #Personalfinance #americans #AU #Australia #beneficiaries #Benefitcuts #Benefits #Business #Finance #insolvency #money #PersonalFinance #retirementbenefits #SocialSecurity #SocialSecuritypayments #TrustFund #USsocialsecurity
https://www.newsbeep.com/au/714112/ -
https://www.europesays.com/ie/517750/ US social security payments: Americans may see benefit cut by over $500/month in next six years — What we know #Americans #beneficiaries #BenefitCuts #Benefits #Business #Éire #IE #insolvency #Ireland #Money #PersonalFinance #PersonalFinance #RetirementBenefits #SocialSecurity #SocialSecurityPayments #TrustFund #USSocialSecurity
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The billionaire shakedown: How India changed its ‘default’ settings
For decades, India’s economic growth was choked by a silent, creeping crisis that economists famously dubbed the twin…
#NewsBeep #News #Economy #Business #economicgrowth #ibc #icra #insolvency #InsolvencyandBankruptcyCode #nirmalasitharaman #UK #UnitedKingdom
https://www.newsbeep.com/uk/610500/ -
https://www.europesays.com/uk/992357/ The billionaire shakedown: How India changed its ‘default’ settings #Business #EconomicGrowth #Economy #IBC #icra #Insolvency #InsolvencyAndBankruptcyCode #NirmalaSitharaman #UK #UnitedKingdom
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https://www.europesays.com/ie/504479/ Cork businessman Tom Coughlan back in control of The Quays Shopping Centre – The Irish News #Business #CommercialProperty #Éire #EY #IE #insolvency #Ireland #Newry #Retail #RetailPark #TheQuays
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The post-Purdue lesson is that the enforceability of a third-party release may depend not only on what the release says, but on where and how it was approved.
#BusinessDistress #BusinessLaw&Litigation #Insolvency
https://www.dailydac.com/purdue-stops-at-the-border-chapter-15-and-foreign-plan-releases/
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Tech firm behind in-store ads at Currys and Iceland goes bust
Wednesday 13 May 2026 3:50 pm | Updated: Wednesday 13 May 2026 4:01 pm Currys’ and Icelands’ digital ads…
#Iceland #IS #Europe #Europa #EU #Ads #advertising #business #Currys #curryspcworld #digitaladvertising #iceland #insolvency #island #News #redundancies #retail #windinguppetition
https://www.europesays.com/2986900/ -
Tech firm behind in-store ads at Currys and Iceland goes bust https://www.byteseu.com/2016543/ ##ads #advertising #business #Currys #CurrysPcWorld #DigitalAdvertising #Iceland #insolvency #News #redundancies #retail #WindingUpPetition
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A recent Fourth Circuit decision is instructive for multiemployer plans and the employers that contribute to them when there is a bankruptcy filing.
#BusinessDistress #BusinessLaw&Litigation #Claims #Insolvency
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A nonconsensual third-party release approved by a Mexican court can be enforced in the United States under Chapter 15 of the Bankruptcy Code.
#BusinessDistress #BusinessLaw&Litigation #Insolvency
https://www.dailydac.com/foreign-third-party-releases-survive-purdue-pharma-at-least-in-chapter-15/
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Η Αμερικη χρεοκοπησε
The Treasury just declared the U.S. insolvent. The media missed it | Fortune
https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/
> The Government Accountability Office can't even verify the books. Here's what Congress must do.
