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Despite the missing billions and plenty of how-could-this-have-happened awe in the media, the actual prosecution case against Madoff may be pretty straightforward. He has already admitted guilt to a federal agent. What's more, Madoff is reportedly trying to negotiate a plea agreement that could conclude the fraud case against him without a trial. But that's just the beginning of Litt's work. Madoff took as much as $50 billion from investors around the world, working with dozens of feeder funds and other middlemen to lure money into his scheme. Litt will have to decide...

Author: /time Magazine | Title: The Man Who Will Prosecute the Bernard Madoff Case | 1/14/2009 | See Source »

...this, that people will not say, well, Senator Lugar and Senator Kerry and others were prescient; they saw the problems. And we'll get full credit, but that will not be helpful to our foreign policy, to you, your husband and the foundation. And this is why I plea for you really to give even more consideration. It need not be a decision made today, because I appreciate the negotiations have been sizable ... But this seems to me to be so important at the outset, and this is why I've dwelled upon it, trying your patience and that...

Author: /time Magazine | Title: A Blip in Hillary Clinton's Senate Lovefest: Bill's Donations | 1/14/2009 | See Source »

Craig, Larry •cessation of efforts of to withdraw guilty plea of to "disorderly conduct" in an airport men's room...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 1/9/2009 | See Source »

Johnston, Sherry •not guilty plea to oxycontin-related drug charges is entered...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 1/9/2009 | See Source »

...responding to members of Congress who had made a public plea for oil companies to provide lower-cost home-heating oil to U.S. families squeezed by the rising price of fuel. No U.S.-owned firm stepped forward; Citgo did. (Sunoco has since set up a program that provides free heating oil to 1,100 residents in the Philadelphia area.) Admittedly, it was a chance for Chávez to showcase "one of our revolution's most important principles," as then Venezuelan Ambassador to the U.S. Bernardo Alvarez told TIME in 2006: "the redistribution of oil revenues, especially for the poor...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

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