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...whistle-blowers and insiders as he does on his own force. "Over 50% of our cases come from insiders or victims, but by then it's usually too late; the damage is done," he said. "Look, we need the victims to prosecute the case. Victims calling us is crucial for our work...

Author: /time Magazine | Title: SEC Charges Allen Stanford with Multibillion-Dollar CD Fraud | 2/17/2009 | See Source »

...Confidence, as many have argued, is crucial during a credit crisis. Derived from the Latin word credere, “to trust, entrust, believe,” credit depends on a threshold of trust to lubricate functioning capital markets. If financial institutions, as creditors, do not trust their debtors—be they individuals, investment funds, or other banks—these institutions will not lend. As the grand dame of economic historians, Anna Schwartz, said in October: “The basic problem for the markets is [uncertainty] that the balance sheets of financial firms are credible...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

...Geithner, fortunately, does not face this old-fashioned run on the bank. Yet cooperation from the private sector is just as crucial today as it was in 1933. Creating an effective public-private fund requires incentives for private investment, and incentives depend on specific terms. This is exactly what Geithner’s fund is missing and exactly why future Friedmans and Schwartzes might criticize Geithner for “absence of vigorous intellectual leadership...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

...execute well on the perimeter in the second half, and that was essentially the decisive thing,” Farrar said. “That allowed them too many opportunities.” MICHIGAN 13, HARVARD 2 On Saturday, the Crimson faced No. 8 Michigan. Harvard missed some crucial opportunities and made some costly mistakes, which resulted in a 13-2 defeat. Kennifer and junior Kristina Bergquist recorded the two goals. Goalie and co-captain Nicola Perlman made six stops against the Wolverine attack. Despite the score, Farrar said he was relatively pleased with his team’s performance...

Author: By Eric L. Michel, CONTRIBUTING WRITER | Title: Crimson Posts Mixed Results in Opening Invitational | 2/16/2009 | See Source »

...state determine plans for redrawing political boundaries. The redistricting that took place in Texas at Tom DeLay's urging following the 2000 census - which swung six congressional seats to the GOP - is just one example of how dramatically political fortunes can shift based on the use of those crucial numbers...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

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