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Meanwhile, Schapiro has been trying to get a word in edgewise about her plan to fix the SEC. The initial actions were heard Friday in a speech at the Practising Law Institute in Washington. In what Schapiro calls her first two significant moves as chief, she is abolishing the agency's two-year-old failed "penalty pilot" experiment and dismantling a burdensome full-commission "pre-approval" process, which often delayed enforcement efforts "for weeks," she said. The announcements brought applause from the lawyers in attendance...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...Strata is one of the many so-called toxic assets clogging the nation's financial pathways. What's more, the complicated bond and its ilk are likely to present a significant stumbling block in the government's latest effort to fix our ailing banks. (Read "Why Your Bank is Broke...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...wanting to be left out, then posted a harsh warning about the condition of the global credit and financial systems, According to Reuters, "The International Monetary Fund warned of a more severe economic downturn unless governments move aggressively to fix the financial system by removing troubled assets from banks' books." Since many policy makers believe that moving toxic financial assets into "bad banks" is not a solution to the build-up of bad paper on financial firms' balance sheets, the IMF's suggestion may go unheeded...

Author: /time Magazine | Title: Why the Talk Has Turned to Depression | 2/6/2009 | See Source »

...autocratic government in Warsaw. As complete economic chaos threatened to overwhelm Poland, the Jaruzelski clique was forced to moderate its views toward Solidarity. In September 1988, Minister of Interior Czeslaw Kiszczak had approached Walesa and made the unprecedented move of inviting Solidarity to political talks intended to fix the country’s worsening political and economic situation...

Author: By Ellen C. Bryson, Matthew H. Ghazarian, and Eugene Kim | Title: Rewolucja: 20 Years Later | 2/6/2009 | See Source »

...trials and convictions are supposed to render justice to victims, their families, and society - and revenge-seeking kangaroo courts don't do that," a French counter-terrorism official notes. "Does that risk [the possibility of an] innocent verdict or lighter sentences? Yes. But that's how the system works. Fix or improve it if you don't like it, but don't stick another rigged system...

Author: /time Magazine | Title: French Terror Conviction: Lesson for U.S.? | 2/6/2009 | See Source »

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