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Madden later called The Crimson and said that he thought the remainder of the back taxes had already been paid. When asked for a reason for the initial shortfall, Madden said that the club “just didn’t pay the taxes.”

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: A.D. May Lose Club Over Unpaid Back Taxes | 10/10/2008 | See Source »

Lending remains absolutely frozen right now, as banks are too frightened to lend to each other - let alone businesses and municipalities, since they're worried about who could go under next. The initial market reaction to Paulson's speech was something on the order of: "Holy [expletive deleted], we must...

Author: /time Magazine | Title: Will Paulson's Bank Plan Finally Unfreeze Credit? | 10/9/2008 | See Source »

Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II Administrations believed in deregulation, tax cuts that provide little relief for most Americans, government subsidies for huge corporations and windfalls for the richest. John McCain now has a "comprehensive" plan...

Author: /time Magazine | Title: Inbox | 10/9/2008 | See Source »

There may also be political reasons for this unexpected turn. When the crisis intensified in mid-September, Washington acted quickly. There was a Treasury Secretary to devise and present a rescue plan, and a Congress - after an initial case of the vapors - to act on it. But there is no...

Author: /time Magazine | Title: Gloat at Your Peril | 10/9/2008 | See Source »

But on the night TIME joined a patrol with a unit of the Essex police in mid-September, Operation Leopard hardly seemed like a mandate for police harassment. The officers, whose identities are being withheld in deference to concerns over retribution, had been given orders to hound 11 known offenders...

Author: /time Magazine | Title: Who's Afraid of the Bad-Boy Cops? | 10/8/2008 | See Source »

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