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...official Ponzi scheme, it certainly looks and smells like a Ponzi. The complaint alleges that Agape's bridge loans were touted as secured by borrowers' assets and that investors would receive substantial interest returns ranging from 48% to 80% per year. Records indicate that from Jan. 1, 2006, to Nov. 30, 2008, more than $370 million was deposited into Agape accounts - the vast majority of which was provided by more than 1,500 investors - and that less than $10 million of the $370 million was actually used to make loans to commercial borrowers. (See pictures of Bernard Madoff's demise...

Author: /time Magazine | Title: Another Ponzi Scheme? Money Manager Cosmo Busted | 1/27/2009 | See Source »

That's no accident. In May 2008, then White House chief of staff Joshua Bolten issued a memo instructing federal agencies to finalize any new regulations by Nov. 1, 2008. At the time, the White House said the memo was meant to head off the rush of last-minute rulemaking that usually jams up the final months of any outgoing Administration. But it also had a tactical purpose: new regulations require 30 to 60 days from their official publication in the Federal Register to take effect. (Regulations that have an "insignificant" economic effect - less than $100 million - need 30 days...

Author: /time Magazine | Title: Obama Cleans Up After Bush | 1/24/2009 | See Source »

...think clients you represented as an associate are relevant ... I think how you vote is relevant." - On her work as an attorney for Philip Morris, in the Albany Times-Union, Nov...

Author: /time Magazine | Title: N.Y. Senator Kirsten Gillibrand | 1/23/2009 | See Source »

...seems like me - serious and policy-focused." - Explaining why she'd want actress Jodie Foster to portray her in a TV-movie, in the Saratogian, Nov...

Author: /time Magazine | Title: N.Y. Senator Kirsten Gillibrand | 1/23/2009 | See Source »

...most effective fundraiser of the House freshman class." - Roll Call, Nov...

Author: /time Magazine | Title: N.Y. Senator Kirsten Gillibrand | 1/23/2009 | See Source »

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