Word: dealer
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Dates: during 1990-1999
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This meant that Pop could flood the culture, especially in America, with an / ease that Abstract Expressionism could not possibly rival. The collectors, to quote the English dealer John Kasmin, "found it immediately easy and accessible. Everything added up for them: you make money out of soap flakes, and buy art based on soap-flake advertisements." The difficulties were invented later, mainly by critics who wanted to claim for Pop the depth and resonance of "classical" Modernism. You can't read what some of them wrote about the supposed profundities of Warhol's alienation without wanting to laugh out loud...
Bagmen, thugs, arms deals and B.C.C.I. Common ingredients, it turns out, in the murky world of international arms sales, where experiences like that of the American dealer quoted above are common fare. While prosecutors and auditors from governments and regulatory bodies continue their scramble to unravel the role of the Bank of Credit & Commerce International in the world's first truly global financial scandal, TIME has learned that what looked like a bank was in fact a multipurpose, multinational enterprise. In the past two decades, the organization created by Pakistani financier Agha Hasan Abedi has become, among other things...
With that kind of muscle, B.C.C.I. was able to secure substantial business from one of the world's pre-eminent makers of military aircraft, Dassault Aviation, the French company that produces the Mirage jet fighter. According to Arif Durrani, a B.C.C.I.-financed Pakistani arms dealer now doing time in a U.S. federal prison for illegally providing Hawk antiaircraft missile parts to Iran during the Iran-contra era, one of the biggest Mirage dealers in the world is a Pakistani multimillionaire named Asaf Ali. "Just as Ghaith Pharaon fronts for B.C.C.I. to purchase banks and businesses, Asaf is B.C.C.I...
...most powerful government bond dealer on Wall Street, Salomon Brothers has long been known for its swagger and for a rough-and-tumble culture that reveled in practical jokes. But the scandal that stunned the giant firm last week was no laughing matter. With the company's stock collapsing in the wake of disclosures that Salomon had repeatedly tried to corner the market for Treasury securities, chairman John Gutfreund and president Thomas Strauss said they would offer their resignations at an emergency board meeting on Sunday. The firm said directors would also consider the fate of vice chairman John Meriwether...
Nonetheless, the department clearly felt pressured to prove it has not been napping. Justice took a step in that direction last week when a federal grand jury in Miami indicted Munther Bilbeisi, a Jordanian coffee dealer who banked at B.C.C.I., on charges that he smuggled Guatemalan coffee into the U.S. to avoid income taxes on profits from the sale of the beans...