Word: scandalize
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Dates: during 2000-2009
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...Privacy advocates point to a scandal in the state of Maryland, where last summer it was revealed that in 2005 and 2006 undercover members of the Maryland State Police had carried out surveillance of war protesters and death penalty opponents. Some of the intelligence gathered on the subjects, according to logs obtained by the ACLU last summer, may have found its way into databases shared with local, national and federal agencies through the state's fusion center. An investigation found the data collection represented a serious lapse in judgment, but the victims had little recourse, except public outrage...
...documents and staff remained present throughout the viewing). "I made the mistake of not addressing it earlier," Dodd concedes. Still, he will not allow reporters to deeply examine the "hundreds of pages" of mortgage documents, saying, "No one has ever showed as much as we have." But the scandal has left a bad taste with Connecticut voters; in the Quinnipiac poll, 56% said the Countrywide connection made them less likely to vote for Dodd...
Swiss banking giant UBS takes its name from the first initials of the company's original moniker Union Bank of Switzerland. But over the past few months the Swiss have begun to joke that the acronym should stand for United Bandits of Switzerland. Fury over a tax scandal and massive losses thanks to UBS's exposure to the toxic subprime market in the U.S. is growing fast. "Those arrogant and greedy bankers are tarnishing our image," says Marie-Claire Favre between sips of her cappuccino in a Lausanne cafe. Standing in front of UBS's Lausanne office, Bernard Thevenoz...
Prompted by the tax evasion scandal, the Swiss are now in the middle of a national re-examination of banking industry regulations. An increasing number of voices are speaking up against banking secrecy, which, under the current law, can only be lifted if a client is suspected of defrauding tax authorities, rather than merely not declaring all assets. Recent polls show that 56% of Swiss now support helping foreign countries identify tax evaders, up from just 20% last year. Even some ministers and bankers agree that changes to the 75-year-old law might be necessary to avoid continued pressure...
...wealthy builders and developers who reaped the rewards of Ireland's colossal property boom during the "Celtic Tiger" era of the 1990s. They also tend to support Fianna Fail, the party at the head of Ireland's coalition governments for the past 12 years. Following the FitzPatrick loan scandal, it emerged that 10 Anglo Irish customers, since dubbed the "golden circle" by the Irish media, were lent more than $560 million to buy shares in the bank - a deal that may have broken laws on market abuse. To date, only a fifth of this loan has been repaid. The government...