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...trading profits came from such liquid investments as Treasury bonds and not in the trickier markets for subprime mortgage bonds or credit default swaps, which can be harder to buy and sell. Goldman said it made very little money from CDS contracts it settled with AIG, but declined to comment exactly how its trading profits were generated. A Goldman spokesman said, "By putting the capital on our balance sheet to work we are helping the market to function, which benefits the market and the economy." The spokesman said Goldman is comfortable with its risk profile...

Author: /time Magazine | Title: Goldman's Profits: Gambling with Taxpayer Money? | 4/14/2009 | See Source »

...documents were withheld on the basis that disclosure would endanger future intelligence sharing by America and Britain. Campaigners see no discernible shift in this stance since President Obama took power. Stafford Smith says there is "reticence in the Obama administration to turn over all these stones." The CIA declined comment on the Scotland Yard probe...

Author: /time Magazine | Title: Will the U.S. Help Britain with Its Terror Probe? | 4/14/2009 | See Source »

Just as Scotland Yard's investigation into MI5 is without precedence, this is the first contempt case brought by the PRT. Privately U.S. officials are angry about what they see as a publicity stunt. Delahunt makes no comment on the case, but says Stafford Smith "has demonstrated again and again integrity and respect for the law ... Defense counsels probably have one of the most difficult and unpopular tasks in any democracy," he adds. "If they didn't take their role seriously and aggressively, then democracy wouldn't function." The substance of Mohamed's claims, which lie at the heart...

Author: /time Magazine | Title: Will the U.S. Help Britain with Its Terror Probe? | 4/14/2009 | See Source »

...demonstrations in 1992, Jatuporn is also calling for the resignation of Prem Tinsulanonda, a close adviser to Thailand's revered King Bhumibol Adulyadej. Thaksin and Jatuporn allege that Prem was the instigator of the 2006 coup that unseated Thaksin, a charge Prem denies. Thailand's King does not normally comment on political matters, and he has made no public statement about the recent crisis...

Author: /time Magazine | Title: Scores Injured as Bangkok Protests Erupt into Chaos | 4/13/2009 | See Source »

...relating to the fraud. Other interested buyers, including IBM and India's Spice Group, withdrew because of the uncertainties. "It's a very risky bet," says New Delhi-based equities analyst Dhirendra Kumar. "The reward or penalization could match the risk." Tech Mahindra has yet to issue a comment, but Satyam has said in a statement that the deal 'signals a new stage for the company.' (See pictures of the global financial crisis...

Author: /time Magazine | Title: India's Satyam Computer Finds a Buyer | 4/13/2009 | See Source »

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