Word: collared
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Dates: during 2000-2009
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...that seems a bit unfair, so does the government's rescue program that saved some and not others, depending on political and social criteria. The most recent example: Delphi Corp., GM's former parts division that was spun off a decade ago, which recently emerged from bankruptcy proceedings. White collar Delphi retirees are having their pensions whacked, but United Auto Workers pensioners are being made whole...
...were a white collar Delphi retiree, I'd be over the moon with rage. Ditto if I'd been a steelworker in Pennsylvania whose health care and pension were eviscerated when Bethlehem Steel failed. If I worked at one of the 106 nongiant banks that the government has allowed to fail this year, throwing thousands of people out of work, I'd be furious at the government for saving the big insolvent outfits but not mine...
...fervent Elvis Presley fan made headlines for belting out the King's "Treat Me Nice" at a Chicago block party. "It was unbelievable," says Tom Duff, president of the post-production company that hired him for the gig. "This guy was our governor, and he's turning up his collar and singing Elvis on our dock." In another wink to the looming charges, Blagojevich appeared onstage in June at "Rod Blagojevich Superstar," a Second City comedy production that lampooned his antics. "His one specific critique of the show was that the prop hairbrush I used was too small," says Joey...
...importance underscored by the fact that the feds got a wiretap to collect evidence, a technique normally reserved for drug busts and organized crime. "This is a monumental step for the government," says Stetson University law professor Ellen Podgor. "This is not the typical way you do a white-collar case." (See the top 10 crooked CEOs...
...hardly a clear one. Technically, no laws ban trading on non-public information; prosecutions are based on legal theories that were developed in earlier court cases. "It's one of those areas where the courts say, 'I know it when I see it,' " says Gerald Lefcourt, a white-collar criminal defense lawyer in New York and past president of the National Association of Criminal Defense Lawyers. (See pictures of the top 10 scared stock traders...