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...take years. Selling federal ownership in companies already weakened by the economy or a series of poor management decisions would undermine the public's tenuous trust in institutions such as GM (GM) and Citigroup (C). The American taxpayer may be faced with a decade in which there is no return for the government's assistance which was meant to keep critical portions of the economy from collapsing. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: Who's Actually Running the Government's Portfolio? | 5/21/2009 | See Source »

...best example of a company with a huge obligation to the government, one which is not likely to be relieved for years if it is relieved at all. Taxpayers have put $180 billion toward keeping AIG in business and have an 80% equity stake in return. AIG says it will not need more government money, but it lost $4.35 billion in the first quarter of this year and a breathtaking $61.7 billion in the final quarter of 2008. It is probable that the taxpayers will never get all of their money back, but AIG does have divisions that are worth...

Author: /time Magazine | Title: Who's Actually Running the Government's Portfolio? | 5/21/2009 | See Source »

...when. It is easy to say that predictions for individual companies across such a broad spectrum of industries are impossible. When the Treasury or Fed put capital into individual companies or into the purchase of securities in the open market, they use internal models for what they expect in returns. That is the only way for the government to measure whether pieces of the stimulus package are working. In every case when there is a specific sum put into the market there is certainly an estimated return, both an amount and a timeline...

Author: /time Magazine | Title: Who's Actually Running the Government's Portfolio? | 5/21/2009 | See Source »

...lead to an increase in American casualties in both theaters. We find the connection between the release of photographs and the security of our troops dubious and are more concerned that Gates’s appeal to vague threats to “national security” is a return to the policies of the past...

Author: By The Crimson Staff | Title: A Disappointing Decision | 5/21/2009 | See Source »

During a break in the meeting, retired doctor Fernando Castro said he feared that without Uribe, the guerrillas would return to terrorize the countryside. Eighteen years ago, Castro was injured when rebels tried to kidnap him at his farm near Pereira. The attack left him partially paralyzed and in a wheelchair. "What happened to me happened to many Colombians," Castro said. "But Uribe has taken on the narcos and the bandits, and we've been able to return to our land. If you ask me who I'm voting for, I will tell you: Uribe, of course...

Author: /time Magazine | Title: Colombia's Uribe: Keeping Up with Hugo Chávez | 5/20/2009 | See Source »

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