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...this is a symptom of a larger problem, a bubble-and-bust economy that valued reckless speculation over responsibility and hard work," Obama said in a statement released by the White House. "That is what we must ultimately repair to build a lasting and widespread prosperity...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

...deteriorate. There are some things that will deteriorate, there are some that may never deteriorate, so there is a lot of variety there but you try to do as well as an institution can.”Currently, the Straus Center is making groundbreaking progress, using new techniques to repair five pieces from a mural cycle sent by Mark Rothko to Harvard in the 1960s. The murals, which were one of only three made, were displayed for almost a quarter of a century in the penthouse of the Holyoke Center. But overexposure to sun on this light-sensitive paint caused...

Author: By Andres A. Arguello, CRIMSON STAFF WRITER | Title: Keeping Up Appearances | 3/20/2009 | See Source »

...consensus point that Wall Street greed is the opposite of good. "In the end, this is a symptom of a larger problem - a bubble and bust economy that valued reckless speculation over responsibility and hard work," President Obama said in a statement. "That is what we must ultimately repair to build a lasting and widespread prosperity." (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The AIG Backlash: Has Congress Flipped Out? | 3/20/2009 | See Source »

...bonus scandal could make that repair job even harder than it already is. Growing doubts about the Administration's revitalization plan have now mushroomed into a full-blown credibility crisis. After all, how can Obama ask for upwards of another $750 billion for another bank bailout (as he has in his 2010 budget) and $100 billion to help the world economies, when it appears the Administration has had little control over how the banks have been spending the money thus...

Author: /time Magazine | Title: The AIG Backlash: Has Congress Flipped Out? | 3/20/2009 | See Source »

...most recent handout - its fourth, if you are keeping score, for $30 billion on March 2 - to prevent the teetering insurance giant from going over the cliff and taking the rest of the global financial system with it. AIG had already cost the taxpayers some $170 billion, mostly to repair the damage done by one of its units, AIG Financial Products (AIG FP), which last year alone piled up $40 billion in losses related to its dealings in complex mortgage bond derivatives...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

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