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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 »

...Absolutely no lay-offs will take place in the HMS Genetics Dept. as a result of technological advances,” wrote Cliff Tabin, chairman of the Department of Genetics at Harvard Medical School, in an e-mail statement. “Indeed new technology will probably mean we need to hire new people to run advanced machines in our cores over time. However we are set up far differently from the Broad...

Author: By Paul C. Mathis, CRIMSON STAFF WRITER | Title: Broad Institute Cuts Staff | 2/3/2009 | See Source »

...energetic, intelligent, and a great success,” Nye wrote in an e-mailed statement. “She is a remarkably talented person, and I am sure she will make a major contribution...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Prof. Power Tapped for NSC | 2/3/2009 | See Source »

Daschle acknowledged as much in his statement announcing his withdrawal. "If 30 years of exposure to the challenges inherent in our system has taught me anything, it has taught me that this work will require a leader who can operate with the full faith of Congress and the American people, and without distraction," he said. "Right now, I am not that leader, and I will not be a distraction...

Author: /time Magazine | Title: Did Daschle Bow Out Too Soon, or Was It Inevitable? | 2/3/2009 | See Source »

...controversy didn't warrant the move and that such levels of scrutiny could make it increasingly hard to find qualified individuals to enter public service. "Tom made it very clear he'd made a mistake, and he took responsibility for it," Senator John Kerry said in a prepared statement. "I believe that when the smoke clears and the frenzy has ended, no one will believe that this unwitting mistake should have erased 30 years of selfless public service and remarkable legislative skill and expertise on health care...

Author: /time Magazine | Title: Did Daschle Bow Out Too Soon, or Was It Inevitable? | 2/3/2009 | See Source »

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