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...ranting side, it has increasingly pinned the state of the economy on the two-month-old Administration, with Cramer offering recommendations to "Obama-proof your portfolio," a phrase that now comes up regularly on CNBC's air. (In response, The Daily Show aired a clip reel of the network's bad calls during the bubble, suggesting viewers might prefer to CNBC-proof their portfolios...

Author: /time Magazine | Title: CNBC Under Fire: Sticking Up for the Big Guy? | 3/12/2009 | See Source »

Your Honor, for many years up until my arrest on December 11, 2008, I operated a Ponzi scheme through the investment advisory side of my business, Bernard L. Madoff Securities LLC, which was located here in Manhattan, New York at 885 Third Avenue. I am actually grateful for this first opportunity to publicly speak about my crimes, for which I am so deeply sorry and ashamed. As I engaged in my fraud, I knew what I was doing was wrong, indeed criminal. When I began the Ponzi scheme I believed it would end shortly and I would be able...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

...connection with the purported trades, I caused the fraudulent investment advisory side of my business to charge the investment advisory clients $0.04 per share as a commission. At times in the last few years, these commissions were transferred from Chase Manhattan bank account of the fraudulent investment advisory side of my firm to the account at the Bank of New York, which was the operating account for the legitimate side of Bernard L. Madoff Investment Securities - the proprietary trading and market making side of my firm. I did this to ensure that the expenses associated with the operation...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

...better for a TV show to be consistent or surprising? Is it worse for it to be ridiculous or boring? NBC's unorthodox new drama Kings (Sundays, 8 p.m. E.T.) comes down solidly on the latter side of those questions. Some viewers will say it's fascinating. Others will say it's pretentious hoo-ha. Allow me to split the difference: Kings is fascinating pretentious...

Author: /time Magazine | Title: NBC's 'Kings': The New Old Testament | 3/12/2009 | See Source »

...mullet and Duran Duran jacket, people thought he was cool. "He's adorable. There's no two ways about it," says Hamm. For an adorable guy, though, Rudd has depth. "He has a bit of a postmodern Jimmy Stewart quality. He's an everyman who has a dark side that peeks out from the edges," says Donald De Line, a producer of I Love...

Author: /time Magazine | Title: Paul Rudd: Everybody's Buddy | 3/12/2009 | See Source »

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