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Moreover, Kleinhendler believes Chase abruptly pulled its $250 million in August, when, he says, "it learned from Bear Stearns executives that Madoff's investments were phony." JPMorgan Chase acquired Bear Stearns in March 2008. "Bear Stearns had done deals with Madoff. They were on boards together," Kleinhendler says, and therefore, he posits, perhaps executives at Bear knew Madoff's business was fishy and tipped the bank...

Author: /time Magazine | Title: Madoff's Banker: Where Was JPMorgan Chase? | 3/25/2009 | See Source »

...Captain Perfect' - I'm not. Never have been 'Captain Morality' or anything like that. I'm not, never have been and we all make mistakes and I've made one here." - On visiting a strip club during a 2003 taxpayer-funded trip to New York. (The Times of London, August...

Author: /time Magazine | Title: Australian Prime Minister Kevin Rudd | 3/24/2009 | See Source »

...strip club. Four years ago John Howard, sober, took Australia into the Iraq war. I think the electorate can judge which one did the more harm." -Australian Senator Bob Brown, leader of the Green party, defending Rudd after the revelation of his strip club visit (The Times of London, August...

Author: /time Magazine | Title: Australian Prime Minister Kevin Rudd | 3/24/2009 | See Source »

...wake of the firestorm provoked by Chacón's announcement last week, the Spanish government has attempted to recover from its bungle. Although the minister originally announced that Spanish troops would be home by August, Zapatero's office has since adjusted that estimate, emphasizing that the withdrawal will be gradual, and may take as long as 18 months. Bernardino León, secretary general of the office of the Prime Minister, who was sent to Washington on Friday in an attempt to smooth things over, recognized that the State Department's reaction "could have been avoided" if Spain...

Author: /time Magazine | Title: Spain's Withdrawal from Kosovo Angers Allies | 3/24/2009 | See Source »

Whistle-Blowing. The nation's first transcontinental railroad was completed May 10, 1869, in Promontory Summit, Utah, where the "golden spike" was pounded into the final tie, finally connecting 1,776 miles of rail. In honor of this august event, Amtrak is celebrating National Train Day, offering Amtrak Guest Rewards members the ability to earn double points for their first four trips taken through May 8, triple points after their fifth trip, and quadruple points for any trip taken on May 9. If you travel Saturday, May 9 through Amtrak's Washington, D.C., Philadelphia, Chicago or Los Angeles station...

Author: /time Magazine | Title: Fast Track to Elite: Double Air and Rail Miles | 3/23/2009 | See Source »

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