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Moreover, while the ruble was nearly worthless at home, it was totally without value abroad. No banker or investor wanted to hold an artificial, or "soft," currency. The ruble was an impediment to foreign trade and contributed to the isolation of the U.S.S.R...

Author: /time Magazine | Title: America Abroad | 3/23/1992 | See Source »

...Commerce has known for months that the CIA kept some accounts in First American Bank, B.C.C.I.'s Washington arm. It turns out that the CIA and First American were a lot closer than that. Government investigators now have proof that First American had long been the CIA's principal banker. Some of the more than 50 agency accounts uncovered at the bank date back to the 1950s. B.C.C.I. owned the CIA's bank for a decade. But since Reagan CIA Director William Casey ran a vast back-door operation during the 1980s, the full extent of B.C.C.I.'s relationship with...

Author: /time Magazine | Title: Spookier Than We Thought | 3/16/1992 | See Source »

...energy was abrasive, and where it touched the world, it threw off hot, stinging little sparks like an emery wheel. When his poster Queen of Joy, 1892 -- advertising a now forgotten novel by Victor Joze -- with its mordant image of the courtesan kissing the fleshy nose of a fat banker, went up on the walls of Paris, a pair of stockbroker's clerks were sent out to tear down every one they could find...

Author: /time Magazine | Title: Art: Cutting Through The Myth | 3/9/1992 | See Source »

...when he is asked about living on his own again. He will donate some of the settlement money, but certainly not all of it, to the homeless cause. "I've been inundated by requests from people who want a loan," he says. "But hey -- I can't be a banker to every person on the street with a problem." He will, however, continue to be a self-appointed homeless advocate. "This is not over yet," he says. "No way is it over...

Author: /time Magazine | Title: Star Of His Own Sad Comedy: RICHARD KREIMER | 3/9/1992 | See Source »

THEY WERE BOTH SELF-MADE MEN WHO BUILT THEIR empires on the ill-placed confidence of lenders and investors. One of the con men was a Pakistani banker who exercised influence from Washington to Beijing but was in fact running a financial supermarket for criminals. The other was a 300-lb. tabloid tycoon whose fatal plunge into the Atlantic was one of the most bizarre finales in business history. When their empires came crashing down in 1991, the debacles raised pointed questions about the laxity of financial regulations around the world...

Author: /time Magazine | Title: Con Men of the Year Masters of Deceit. | 1/6/1992 | See Source »

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