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Word: assets (lookup in dictionary) (lookup stats)
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...KPMG, PricewaterhouseCoopers, BDO Seidman and McGladrey & Pullen all gave clean bills of health to the numerous funds that invested with Bernard Madoff and his asset-management firm. Clients say the large accounting firms signed off on statements that said the Madoff investment vehicles had billions of dollars in assets as well as an unlikely track record showing years of always-positive returns. The billions have vanished, and the impressive returns now look to have been made up. See the top 10 financial collapses...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...That incident brought the two countries to the brink of war. In 2002, Lashkar-e-Taiba was banned, but it quickly resurfaced under a different name. Parts of the ISI, which still maintains that India is Pakistan's principal threat, are loath to crack down on such a militant asset...

Author: /time Magazine | Title: Jet-Incursion Flap Highlights India-Pakistan Tensions | 12/14/2008 | See Source »

...1990s, Madoff used his success as a market maker to help launch an asset-management firm. Madoff raised money for his fund by exploiting his social network, often courting investors at country clubs where he or family members belonged. At the Palm Beach Country Club, Madoff reportedly found a major investor who helped attract other members for Madoff's fund...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

...months in, and already $16 billion in the hole. That's how much the Treasury's Troubled Asset Relief Program (TARP), which was approved by Congress in early October, has already lost on its investments, according to a TIME analysis. (Read the top 10 financial collapses...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

...Jammu and Kashmir police to see whether Ahmed's claims to be an agent were true; instead they divulged details of his arrest and identity to the media, resulting in his cover being blown, his family being put at risk, and the Indian intelligence community losing a valuable asset. (See pictures of Mumbai picking up the pieces...

Author: /time Magazine | Title: Botched Mumbai Arrest Highlights India's Intel Failures | 12/10/2008 | See Source »

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