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Director of WANTED to produce MOBY DICK: "From Hell's heart, I shoot at thee with slow-motion bullets...

Author: /time Magazine | Title: Pop Chart | 9/25/2008 | See Source »

...notion that a massive, unprecedented intervention in the financial markets should be the final economic act of a Republican President was made all the more stunning by the sight of no less a free-marketeer than Vice President Dick Cheney being dispatched to the Hill to sell it to furious Republicans. But Congress is coming late to this crisis. Paulson, Bernanke and Geithner--whose conference calls can number more than half a dozen a day--have been quietly trying to keep the ship in the channel for months. Treasury Secretary Paulson, 62, was one of Wall Street's toughest dealmakers...

Author: /time Magazine | Title: Three Men And a Bailout | 9/25/2008 | See Source »

...with someone else's money. If you win, you get a huge bonus, based on the profits. If you lose, you lose someone else's money rather than your own, and you move on to the next job. If you're especially smart - like Lehman chief executive Dick Fuld - you take a lot of money off the table. During his tenure as CEO, Fuld made $490 million (before taxes) cashing in stock options and stock he received as compensation. A lot of employees, whose wealth was tied to the company's stock, were financially eviscerated when Lehman bombed. But Fuld...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

Lehman CEO Dick Fuld complained loudly to the SEC earlier this year that his company was the victim of shorts such as David Einhorn, of Greenlight Capital, for badmouthing the company's accounting. Einhorn was unapologetic. Fuld got some action after the SEC sought to stop naked shorting with a do-not-mess-with" list of 18 financial institutions such as Fannie Mae, Freddie Mac and investment banks. On July 15, the SEC issued an emergency order temporarily mandating that anyone who wants to short a stock "must borrow or arrange to borrow the security or otherwise have the security...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...private meeting with Texas Rep. Dick Armey, a stalwart conservative who nonetheless opposed going to war with Iraq, Cheney puts the screws to him. "In the privacy of his office, for this one crucial vote, Cheney leveled claims he had not made before and did not make again. Two of them crossed so far beyond the known universe of fact that they were simply without foundation...

Author: /time Magazine | Title: Angler: The Cheney Vice Presidency | 9/17/2008 | See Source »

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