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...talked about the state of the Administration's proposal introduced last spring, Geithner started swearing about the need for regulatory reform to move forward. "There was liberal use of expletives," says an official briefed on the meeting. "Obviously it made some people uncomfortable." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...billion. The group's charges for bad debt, meanwhile, leaped by a similar rate, to some $7.7 billion. Vital to the bank in coming years: reducing its reliance on highly cyclical investment banking by boosting the share of income from commercial and retail operations. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...Moynihan, who had been in charge of Merrill's divisions and has long been thought to be Lewis' successor, to take on a larger role at the bank. Krawcheck, a former chief executive on Wall Street, is also a possible contender for the top job. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: SEC Settlement May Threaten BofA CEO | 8/4/2009 | See Source »

...women. All women. And that is to be commended. Sure, using women merely as objects or a means to an end of satisfaction is deplorable, but if the men here truly appreciate the importance of the experience in its fleeting magnitude, I don’t think I can blame them, given their circumstances. I do not know the true feelings of the women on the receiving end (and whether or not they have the luxury of sleeping with whomever they deem worthy, just like the men). But if they do, it is hard to argue for a rigid moral...

Author: By James A. Mcfadden | Title: Africa is for Lovers | 8/4/2009 | See Source »

...gunman who opened fire with a pistol at a gay youth club on Saturday night, Aug. 1, killing two and wounding 15 more. While the authorities have been careful not to speculate on a motive for the crime, the city's stunned gay community was not hesitant about assigning blame for the atmosphere they believe was conducive to the crime. Pointing to Orthodox Jewish gay-bashers, gay activists say the shots fired in the club for teenagers - the most serious in a series of verbal and physical attacks on their community - were a violent manifestation of Israel's ongoing culture...

Author: /time Magazine | Title: Gay vs. Orthodox: A Deadly Turn in Israel's Culture War? | 8/3/2009 | See Source »

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