Word: scandal
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Prince, a lawyer, became Citigroup CEO in 2003 largely on the strength of his skill in resolving these legal hassles. But he led Citi smack into the next big financial scandal: subprime-mortgage lending. Over the past five years, Citi went from also-ran to leading issuer of the CDOs that take subprime mortgages or other loans and reprocess them into purportedly low-risk securities. Market jitters and ratings-agency downgrades have sent CDOs into a free fall--and now the banks have to account for the losses...
...loopholes and adhere to the lowest standards of the law. As corporations serving financially inexperienced students and non-profit universities, one might assume that lenders are altruistic to some extent—or at least that universities would assume responsibility as an impartial judge of lenders. However, the recent scandals prove that regulators still have reason to doubt private interests. If such unsavory business practices persist, students will only find refuge behind stricter federal regulations aligned with Cuomo’s “code of conduct.” Though federal regulation is crucial for correcting this market distortion...
CORRECTION: A sub-headline accompanying the Nov. 7 news article, which was published in print as "HMS Doctors Linked to Scandal" and retitled online "Medical Device Companies Report Payments to HMS Doctors," incorrectly stated that medical device makers implicated in a federal investigation had been accused of illegally paying millions to Harvard doctors. In fact, the accusations did not specifically reference Harvard physicians, although the companies have listed financial ties to Harvard doctors among legally required disclosures...
...downloading a list of all the Web searches from our U.S. sample over the last four weeks that contained a presidential candidate's name. Take Democratic front-runner Hillary Clinton: While there are multiple searches on Hillary's stance on the issues - health care, specifically - along with various scandal-related searches, it appears as though several Internet users are fascinated with "Hillary Clinton's casserole," "Hillary Clinton recipes," and "Hillary's hairstyle." Maybe Clinton will do well in the Leave it to Beaver belt after...
...head, they have less independence and investigatory powers and function more like internal auditors than the original batch of IGs that are attached to major government departments such as the CIA. Eleanor Hill, a former Defense Department IG from 1995 to 1999, suggested that the NSA's domestic wiretapping scandal might have been avoided if there had been greater oversight by the DOD IG. "A program as controversial as this one has turned out to be, in my view, certainly should have been overseen by the independent statutory [DOD] IG," she said...