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...arranged sale of about-to-fail Bear Stearns in mid-March and its subsequent decision to extend credit to other investment banks over which it has no regulatory say have been major prods to discussion. Both House Financial Services Committee chairman Barney Frank and Treasury Secretary Hank Paulson have since suggested that the Fed be given power to snoop around such institutions in search of market-endangering risks. Frank and presidential candidate Barack Obama have also talked of replacing the hodgepodge of federal and state regulatory agencies with a simpler and less loophole-ridden structure--and on March 31, Paulson...

Author: /time Magazine | Title: Holding Back the Flood | 4/3/2008 | See Source »

...This year, everyone is yapping about how Boston could be a dynasty. Or how the Yanks will fare with a new manager, Joe Girardi, and a new boss, George Steinbrenner's son, Hank, a meddler who may manage to bring back the dysfunctional feel of the old Bronx Zoo. And those poor Mets - will their new ace, Johan Santana, help them rebound from last season's historic collapse? Not to mention all the New York players caught up in the steroid morass, in particular Roger Clemens, Andy Pettitte, and now A-Rod - whom Jose Canseco said he introduced...

Author: /time Magazine | Title: Opening Day: A Boston-NY-Free Guide | 3/30/2008 | See Source »

...Cocoanut Grove. After the show there were stars galore in a hospitality room. Two associates and I decided to crash the party, which was easy. To make a long story short, I spotted Henry Fonda all by himself and said, "Hello, Mr. Fonda." His first words were "Call me Hank." I mentioned I had been raised in his home state of Nebraska, and we must have talked for 20 or 30 minutes. He said he hated these types of parties. He was a really nice guy, just like George. Jim Christensen, Santa Maria, Calif...

Author: /time Magazine | Title: Inbox | 3/13/2008 | See Source »

...Politicians occasionally survive sexual misconduct, as Clinton did. Representative Barney Frank of Massachusetts and Senator David Vitter of Louisiana both stayed in office despite their prostitution scandals. Spitzer could not because, in the end, "he's got no friends," says Democratic consultant Hank Sheinkopf, who worked on two of Spitzer's campaigns. "If you're seen as being the source of all moral behavior and then you turn out not to be that way, people are happy about...

Author: /time Magazine | Title: Was Spitzer Destined to Fall? | 3/13/2008 | See Source »

...Cocoanut Grove. After the show there were stars galore in a hospitality room. Two associates and I decided to crash the party, which was easy. To make a long story short, I spotted Henry Fonda all by himself and said, "Hello, Mr. Fonda." His first words were "Call me Hank." I mentioned I grew up in his home state of Nebraska, and we must have talked for 20 or 30 minutes. He said he hated those types of parties. He was a really nice guy, just like George. Jim Christensen, Santa Maria, California...

Author: /time Magazine | Title: Inbox | 3/7/2008 | See Source »

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