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First, the fragility. Allowing Lehman to fail - cited often as the government's biggest boo-boo - started a chain reaction. There was a run on money-market funds after one big money-market fund revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business because their accounts with Lehman's U.K. subsidiary were frozen. Similar dislocations played out around the world. Before long, financial institutions were paralyzed by fear. They simply didn't trust each other anymore, and didn...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

...developer. (He has since given up one apartment that he used as an office.) In September, he admitted he had neglected to pay some taxes by failing to report $75,000 in rental income earned from a beachfront villa he owns in the Dominican Republic. ("That was a big boo-boo," he acknowledged.) His fundraising for the Charles B. Rangel Center for Public Service at the City College of New York has been controversial, with accusations that Rangel improperly used congressional stationery to solicit donations and sought contributions from companies that had business before the Ways and Means Committee...

Author: /time Magazine | Title: Charles Rangel: The Lion of Harlem | 8/6/2009 | See Source »

Department of Homeland Security •prescience of in predicting right-wing violence is followed by failure of to actually release the report containing said predictions because, boo-hoo, some right-wing groups didn't like...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/12/2009 | See Source »

...loud in real life as you are on your show? -Matt Robinson, Nashville That's a great question. I don't know which is me anymore. When I'm on the street and you stop me, no, I'm not "Boo...

Author: /time Magazine | Title: 10 Questions for Jim Cramer | 5/14/2009 | See Source »

...Boo. But FlyBy needs a way to procrastinate. We’ll keep our fingers crossed for a good show...

Author: By Michelle L. Quach | Title: A Play in a Day | 5/11/2009 | See Source »

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