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Your childhood in Scotland sounded very dreary and sort of Oliver Twist-y. You say that kids formed gangs based on whether they were Protestant or Catholic. Basically, teenagers fought each other over obscure 17th century religious issues. Did they have any idea what they were fighting about? No, I don't think people who are involved in sectarian violence are theologians. It was just about gang colors...

Author: /time Magazine | Title: Late Night Host Craig Ferguson | 9/18/2009 | See Source »

When you auditioned for The Late Late Show, the producers told you that they loved the way you actually held conversations with the guests. Yeah, apparently no one does that anymore. Instead, publicists work out what we'll say and who's gonna ask what. I'll ask you, "Oh you bought a house?" And you say, "Yeah I just moved and I got a dog." And I'll say "Tell me about the dog, is it named Spunky?" And you'll say "Yeah, Spunky!" I don't do that...

Author: /time Magazine | Title: Late Night Host Craig Ferguson | 9/18/2009 | See Source »

...What could that mean for the CEO? So long as any charges brought are civil and not criminal, there's no risk of jail time. But if Lewis is found to have lied, he won't likely get off with just paying a fine, experts say. He may also lose...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

...judge has ordered the case to go to trial as soon as next February. The SEC could instead try to strike a new settlement that satisfies the judge, but based on Rakoff's ruling, law professor John Coffee, who teaches a class with Rakoff at Columbia, says it is unlikely the judge would accept a substitute settlement that doesn't name any individual executives. Lewis, as the chief executive of the bank, is an obvious target. The SEC has yet to say whether it plans to pursue charges against Lewis or any other executive at Bank of America...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

...deteriorating profits at the investment bank. In a response to a Dec. 3 e-mail detailing nearly $1 billion in additional Merrill trading losses, Neil Cotty, B of A's chief accounting officer, responded, "BTW ... thank you for this ... they did ask ..." Importantly, none of the e-mails say the information on Merrill's losses was needed before presentations being made to Bank of America's CFO Price...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

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