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...your cover story, you name Michelle Obama "one of the most professionally accomplished First Ladies ever." Yet by failing to detail her vocational accomplishments (lawyer, associate dean at the University of Chicago, senior executive at the University of Chicago Medical Center), you neglect to define her as something other than "Mom in Chief." That is a sacrifice of identity indeed. Courtney Sender, MONTVALE...

Author: /time Magazine | Title: Inbox | 6/15/2009 | See Source »

...striking detail of the story is how Art and his wife would travel around the country and unload their fake bills by buying random supplies and souvenirs, getting real money in change. Then they donated those supplies to charity. They'd have all this extra stuff, and they'd drop it off at Salvation Armies and churches. That became as important to them as the money itself, that feeling of charity. He wasn't a greedy counterfeiter...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

...what form of disclosure we will have." He acknowledges that GM will be making significant changes to its balance sheet by writing off assets and revaluing others. Such activity will be done as openly as possible, adds GM spokeswoman Renee Rashid-Merem. "We will provide an adequate level of detail," she says. "It's not our intention to be a secretive company." (Watch a video about an optimistic Dodge dealer...

Author: /time Magazine | Title: Could General Motors' Stock Rise Again? | 6/11/2009 | See Source »

...When the stress tests were completed last month, the Treasury Department and regulators gave banks deemed to need capital a month to detail how they would raise it. For the banks that passed the stress test, they were told to report back on how they plan to repay taxpayers. Monday, June 8, was set as the deadline for turning in those plans to regulators. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

...like any class on presentation day, there will be some sweaty palms. Bank of America and Wells Fargo say they have raised enough money to satisfy regulators, but they only detail a portion of their efforts. The Federal Deposit Insurance Corp., which also gets to weigh in on whether banks' plans are adequate, has been pushing for management changes at some of the banks. Last week, Bank of America was forced to replace its chief risk officer and four of its board members. Reportedly, the FDIC would like Citigroup to dump its chief executive Vikram Pandit. So far, members...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

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