Word: financiere
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The 1980s were a monument to Wall Street excess, witnessing some of the most notorious insider-trading prosecutions in history. Corporate raider Ivan Boesky - said to be an inspiration for the fictional Gordon ("Greed ... is good") Gekko, villain of the Oliver Stone film Wall Street - was sentenced to 3½...
California has long inspired its own premature obituaries. The 1855 book The Land of Gold dismissed it as "lawless, penniless and powerless." TIME published a woe-is-California issue called "The Endangered Dream" in 1991 after the aerospace industry collapsed. But even with 12% unemployment, California still has an enviably...
MARK DREIER, a disgraced financier currently serving 20 years in prison for fraud, on why he hatched a $380 million Ponzi scheme that ran for four years beginning in 2004
In the absence of a formal agreement, nations are not obligated to turn over fugitives to each other. The U.S. and Russia do not have an extradition treaty, which led many dissidents to defect to America and seek political asylum during the Cold War. Fugitive U.S. financier Bobby Vesco allegedly...
But while Obama's cadre of newly crowned czars has earned condemnation from the right, when it comes to recruiting presidential advisers he's in good company. During World War I, Woodrow Wilson appointed financier Bernard Baruch to head the War Industries Board - a position dubbed industry czar (this just...