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Dates: during 2000-2009
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Markopolos, who said that he feared for the safety of his family's life prior to Madoff's arrest, read parts from his nearly 60-page written description of the SEC's "investigative ineptitude" and "financial illiteracy." At the start of his oral statement, Markopolos injected a bit of metaphorical humor into his charge, describing the SEC as a regulatory agency that "roars like a mouse and fights like a flea." With the sober, academic look of an accountant, the former investment manager for Rampart Investment Management in Boston (he is currently an independent certified fraud examiner) detailed Madoff...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

...Biega said. “You’re guaranteed to get a great game. It was close, it was tough, but I think our team really battled through it, and we took a step forward, that’s for sure.”Aggressive from the start, Harvard certainly showed no signs of being intimidated by BU’s ranking. Crimson freshman Alex Killorn opened the first period with a solid chance to score, and later two saves by Hoyle helped kill the first Terrier power play. Having neutralized its opponent’s attack, Harvard made...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Top Dogs Down Crimson by Goal | 2/3/2009 | See Source »

...Brooks and Reagan Administration economics adviser Martin Feldstein - is that an $800 billion stimulus package ought to be all about stimulus. They're not the Hooverish partisans who are whining that the package has turned into a "spending plan," as if government spending were a preposterous strategy for jump-starting the economy. They're concerned with how the money would be spent. They're O.K. with a short-term injection of cash, but they don't think this is the time for long-term government investments. They want to focus on fighting the recession, and they don't see Pell...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

...fact, this crisis is an ideal opportunity for Obama to start keeping his campaign promises: providing tax relief and health security for ordinary Americans, restoring our economic competitiveness and reducing our dependence on environmentally disastrous fossil fuels that increase the power of our enemies. It's hard to imagine when he'll have a better opportunity. Nothing in the historical record suggests that when Congress has more time to deliberate - and more time to confer with the special-interest lobbyists and local-interest political advisers who dominate the decision-making of its members - it will enact fair tax policies, sustainable...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

...about the lack of stimulus in the stimulus happen to be lousy stimulus. But the biggest measure - a $145 billion payroll tax cut - is both good stimulus, because it targets low- and moderate-income earners who are more likely to spend it, and good policy, because it aims to start rebuilding the middle class and help ordinary families shafted by eight years of trickle-down tax policy...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

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