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...seems to be troubled about the leaking of sensitive government data on the banks. It is unlikely that anyone will be punished for passing along information which the public should never have seen before the pre-announced release date. The information caused movement in the stocks of a number of the banks. Disclosure regulations probably prohibit sharing what the government knew about the firms. In the fury of activity to prepare the findings and present them so that Wall St would not panic, the process of safe guarding the data was neglected. If several of the banks were found...

Author: /time Magazine | Title: The Curtain Comes Down on Bank Stress Tests | 5/7/2009 | See Source »

...primary reason that news organizations gave the bank story so much space was that the public knew the tests were a fraud. Warren Buffett said so, along with a number of other financial analysts. Bank balance sheets are so complex that applying one set of measures for all of them is irresponsible reductionism, these analysts argued. The second part of the fraud was much more elaborate. The government, led by Henry Paulson, forced large banks to take TARP money that they did not need. He made sure that the taxpayers received preferred shares in the firms in exchange...

Author: /time Magazine | Title: The Curtain Comes Down on Bank Stress Tests | 5/7/2009 | See Source »

...Analysts say the deal seems to fall short of a full merger. It appears that Porsche's car-making unit will not be sold to VW, but will retain some independence. And the rights issue will be dilutive to earnings because profit will be distributed among a larger number of shares. The uncertainty about the structure of the deal was fueled by comments from Bernd Osterloh, head of VW's works council, who said the two companies may not merge at all. (See pictures...

Author: /time Magazine | Title: Porsche and VW Agree to a Merger | 5/7/2009 | See Source »

...Love the Future”?: Max: Great—people bought it and told us it was good. D.A.: The Boston Globe gave it an amazing review, just like the Associated Press. People Magazine gave it 3.5/4 stars, and without any radio play we’re the number 3 top album on iTunes, and the number 12 album on iTunes this morning overall. So it’s been great. Just the past year—touring or whatever—we’ve got a lot of people who actually support us, who aren?...

Author: By Kevin Lin, CRIMSON STAFF WRITER | Title: 15 Questions with Chester French | 5/7/2009 | See Source »

Fear not, disappointed Risk-takers—Turf might return at a later date.  Meanwhile, the CEB has decided it can do the greatest good for the greatest number by staging a party instead of a war.  So go drown your sorrows in alcohol this Saturday at the CEBlock Party, which will take place from 2-5 p.m. on the actual turf outside the MAC.  Onward...

Author: By Michelle L. Quach | Title: No More Risky Business | 5/7/2009 | See Source »

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