Word: resignations
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...Merrill losses, which weren't publicly revealed until early January, have angered shareholders, some of whom have sued the company for not informing them sooner. And last week, the losses also led Lewis to ask Merrill's top executive, John Thain, to resign for failing to keep BofA officials apprised of his firm's bottom-line problems. Thain says Lewis knew all along. (See pictures of TIME's Wall Street covers...
...only real hiccup in the state senate hearings that had gone very smoothly in his absence. "It's painful to hold your tongue," Blagojevich said of the accusations leveled at him in December. But he insisted that he did not commit a criminal act, adding, "I didn't resign then, and I'm not resigning now." He went on, "You haven't been able to show wrongdoing in this trial," said Blagojevich, who called the proceedings an "improper impeachment not based on evidence" and hinted that he could call witnesses who might provide "political embarrassment to members of my party...
...governor. But in December she set up a gubernatorial exploratory committee, funding it with $1 million from her $8 million federal campaign chest. That move forced major Republican donors to choose sides, and it has sparked a wave of speculation about whether or when she might resign her Senate seat and who would seek to replace...
...those who see politics as a chess game for scoundrels, it was all great fun. Free on bail, refusing to resign, brassy Blago had turned the tables on rectitudinous Reid. In Illinois a person is governor until proved guilty, and some legal scholars opined that Burris had the bona fides even if they were issued by a character out of The Sopranos. Within hours, Senate Rules Committee chair Dianne Feinstein broke with Reid, calling for Burris to join the club. The Senate leader, out on a limb that his comrades were sawing off, soon softened his opposition. "[Bleep]ing golden...
...state is going through. "It just keeps going on and going on," he says. Indeed, in this northern state, patience is not a virtue - it's a necessity. Minnesotans, nevertheless, long for warmer weather and one clearly identifiable junior U.S. Senator. "I think [Republican incumbent Norm] Coleman should just resign," Scanlon adds...