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...stiffer sentences that Sorkin's proposed 12-year term. Adelphia Communications' former finance chief Timothy Rigas is serving a 20-year term; former WorldCom chief executive Bernard Ebbers, who was 63 at the time of his sentencing, was given 25 years; and former Enron chief executive Jeffrey Skilling got 24 years. In April 2008, a federal judge in Colorado sentenced 72-year-old Norman Schmidt to 330 years for using money from his investment scheme to purchase properties near Aspen and eight NASCAR race cars, among other items. Similar to Madoff's scheme, Schmidt's firm would send investors fraudulent...
...That strategy is to stay focused on core banking operations. While bank chiefs in the U.S. and Europe gorged on high-risk subprime lending and complex mortgage-backed securities in a quest for fat returns, Sands avoided toxic assets that got its competitors into trouble. Sands became even more cautious as the U.S. housing bubble began unraveling in 2007. Some risky borrowers - such as low-margin Asian exporters, which have been hit hard by the collapse of U.S. consumer spending - were asked to cough up more collateral when renegotiating loans, while other marginal customers were denied further credit. To strengthen...
...ideal foil for Melody's cheerful resilience (which Wood winningly captures) and gives him a tart appeal, even when he's condemning the universe as "this cruel, dog-eat-dog, pointless black chaos" and his own film audience as "Neanderthals"--or when he observes that "while a black man got into the White House, he still can't get a cab in New York." Like Molière, Allen and David know there are few spectacles droller than a misanthrope in full fester...
...Fiery Force," he flashes back and forth between three or four rhythms like a virtuoso. He was writing about the agonies of being a gay man and an outcast in the U.S. before Allen Ginsberg. The Beats looked up to him. It was a tragedy that Harold never got the recognition that he should have...
Just then, a Basiji charged at her from nowhere carrying a metal rod. As he prepared to strike her, a group of men got out of their cars, tackled the man and started beating him. Maryam got up from the ground, composed herself and went right back to her spot to continue her mission. I watched as seven more people joined her, until they were chased away by police special forces wielding batons...