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...disclosures criminal. Years later, Swiss banks both sheltered the assets of German Jews and accepted looted Nazi gold (and later set up a $1.25 billion compensation fund for Holocaust victims). Corrupt leaders ranging from the Philippines' Ferdinand Marcos to Nigeria's Sani Abacha have used Swiss banks to hide ill-gotten gains. (See the top 10 financial collapses...

Author: /time Magazine | Title: A Brief History Of: Swiss Banks | 2/26/2009 | See Source »

...into this mess. Each of them blocked attempts at tighter controls over Freddie Mac and Fannie Mae. Even more outrageous was Dodd's acceptance of a VIP loan from Countrywide. These two characters ought to be No. 1 and No. 2 in the lineup. Tim Grosscup, VILLA PARK, ILL...

Author: /time Magazine | Title: Inbox | 2/26/2009 | See Source »

...Which is why Florida's plundering of its affordable-housing reserves looks so ill-advised to many observers. The move could nix some 50 low-income projects slated to be built on the peninsula this year. And it seems particularly unwise when you consider that construction is one of the state's most crucial industries but is suffering the highest unemployment of any sector...

Author: /time Magazine | Title: Despite the Crash in Prices, Affordable Housing Still Lacking | 2/25/2009 | See Source »

...solve the problem," Obama said at one point. "In our hands lies the ability to shape our world for good or ill," he said at another. He pointed to the gallery, where Ty'Sheoma Bethea, an eighth grader from Dillon, S.C., sat. She had recently written a letter to Congress and the President to ask for help, as her school is crumbling and in need of repair. "We are not quitters," the letter said. Obama faced his audience. "We are not quitters," he repeated. (Read "Sparing a Dime to Save a College...

Author: /time Magazine | Title: Obama Gives Team America a Pep Talk | 2/25/2009 | See Source »

...office. "The Pakistani people's money has not been returned." Zardari was twice imprisoned on corruption charges by Sharif's governments and has spent a total of 11½ years behind bars. He has always denied the charges and received amnesty for them from Musharraf before Bhutto's ill-fated return to Pakistan...

Author: /time Magazine | Title: Ruling Throws Pakistan into New Political Turmoil | 2/25/2009 | See Source »

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