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...seems clear that bank executives will benefit from the return of government funds. TARP-funded banks have to adhere to compensation rules that limit what the firms can pay their top executives. What's more, banks that received government assistance have put off buying private jets or remodeling offices so as not to appear irresponsible with taxpayer money. Industry insiders say that behind the scenes government regulators have also limited the risks that TARP-funded banks can take. (See the top 10 worst business deals of last year...

Author: /time Magazine | Title: Paying Back TARP: Good for Banks, Bad for Investors? | 5/22/2009 | See Source »

...came to work for $1. He had only been in the job for a few months when AIG posted a loss of more than $61 billion for the last quarter of 2008. The company was well on its way to taking in $180 billion in government money. In return, taxpayers got 80% of AIG and a few promissory notes that are not worth the paper that they are written on. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...point time and time again that Liddy was not the architect of the financial decisions that brought AIG down. He was not involved with a single judgment that forced the company to its knees. He was simply a volunteer who took on an impossible job and was, in return, beaten like a red headed mule by Congress...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...that their unemployment will further contribute to the isolation and depression of many of our Boston- area neighborhoods. This is no strategy for times of economic hardship, and it runs contrary to Harvard’s contract with its community to provide education and opportunity to its surroundings in return for tax exemption...

Author: By Laura M. Binger, John F. Bowman, and Benjamin J. Oldfield | Title: Harvard’s Role As a Nonprofit | 5/21/2009 | See Source »

...going to happen, and it's going to happen big time," says Cordingley. A major concern expressed by the WHO is that even if the number of new flu cases flattens out as the end of the flu season nears, another more virulent strain of the virus could return this winter...

Author: /time Magazine | Title: In Japan, Swine Flu Spreading Quickly | 5/21/2009 | See Source »

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