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...gone beyond talk. Last month the three-year-old grandson of onetime Noriega crony Marcos Justines was kidnaped and killed. In charge of military finances for the Noriega regime, Justines is jailed in Panama City, charged with stealing $47 million from the National Bank and $33 million from safe-deposit boxes on Dec. 20, the day the U.S. invaded Panama. There have been unconfirmed reports that he has agreed to testify against his former boss. Late last month Panamanian authorities arrested two Noriega loyalists suspected of having planned the kidnaping. Says a Justice Department investigator: "This is bound to have...

Author: /time Magazine | Title: Panama: Sincerely, Manuel | 5/21/1990 | See Source »

Robb suggested several specific reforms, including changes in the federal deposit insurance system, which was created by President Franklin D. Roosevelt '04. Robb said the government should lower the level of protection for individual bank accounts, and stop protecting multiple deposits by a single depositor...

Author: By Roderick A. Scheer, | Title: Robb Says Democrats Must Rethink Spending | 4/11/1990 | See Source »

Many thrift experts attribute the near paralysis to the way Congress -- at the Administration's insistence -- split responsibility for the rescue between two groups. The RTC's operations are supervised by William Seidman, head of the Federal Deposit Insurance Corporation, an independent agency that polices the banking industry. But a separate panel called the RTC Oversight Board, which is chaired by Treasury Secretary Nicholas Brady, decides RTC policy and controls its funding. Congress agreed to give the Treasury a role so that the Administration would have a major stake in the bailout, but dividing responsibility has prompted feuding between...

Author: /time Magazine | Title: This Is a Rescue? | 3/12/1990 | See Source »

...most small investors if they would put money in junk bonds, and they would probably respond with a hearty no. But anyone who has a deposit in a savings and loan, holds an annuity from an insurance company, is vested in a pension plan, makes contributions to certain mutual funds or participates in a 401(k) retirement program probably has some exposure to the risk of junk bonds. In most cases, that is no cause for alarm. But in a few instances, investors have good reason to be wary...

Author: /time Magazine | Title: Where Risk Hits Home | 2/26/1990 | See Source »

...enters the data into IRS computers. Instead, the return goes immediately to the point at which it is checked by the computer for mathematical mistakes. After that, the refund is processed. Result: a check usually reaches taxpayers within three weeks -- or two if the filer authorizes a direct deposit into a bank account...

Author: /time Magazine | Title: Many Happy Returns | 2/19/1990 | See Source »

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