Word: banking
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Instead of throwing rotten vegetables at you. Well, hopefully not rotten. I mean, I will eat anything. And the rest I'll collect and send to the food bank, so that's fine...
...list of firms expected to get HAMP subsidies reads like a Who's Who of major subprime lenders and loan servicers, including financial institutions that have already received big bucks in the government's bank bailout. Countrywide, which is now owned by Bank of America and was one of the country's biggest subprime lenders, may receive up to $5.1 billion in incentive payments to modify loans...
...academic consultancy called the Institute for Scientific Counselling in the western town of Bergisch Gladbach in March 2008. At the time, the authorities uncovered a mine of information pointing to illegal activity and confiscated thousands of files, including contracts between the firm and lecturers, and evidence of bank transfers. Prosecutors in the city of Cologne say the institute helped doctoral candidates find a supervisor and paid lecturers to take on Ph.D. students. "Some Ph.D. students paid up to $30,000 to get their doctor titles," Günther Feld, a senior prosecutor in Cologne tells TIME. "Many people had received...
Quotes About: "[The bank accounts] either never existed or had been closed years before Nemazee submitted the documents referencing those accounts." -U.S. attorney Preet Bharara on Aug. 26, describing how authorities believe Nemazee mislead Citibank with false financial documents in order to obtain a multi-million dollar loan...
...some 100 protesters waited outside the Bank of England for final directions to the climate camp, to be disseminated by SMS. "British police are the best in the world at policing," says a man who identified himself as You Can Call Me Jeff (climate campers prefer to withhold their real names). "After all, they've had centuries of repressing social movements. They know how to win the battle of the story, to convince people they're in the right. But at the G-20, they lost it." Kat, another seasoned climate camper, agrees. She recalls watching riot police lash...