Word: taints
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...Wednesday, Bank of America went to great lengths to explain a $418 million gain in the fourth quarter from a subsidiary set up last year to deal with problem loans. The gain resulted from tax savings after bad loans were shifted to the subsidiary. Not wanting an Enron-like taint, the bank clearly spelled out to analysts the legal maneuver, and investors rewarded the extra disclosure by pushing the stock up 4% in a week...
...various players," says Rolf Elgeti, a strategist at Commerzbank Securities. "Nobody really knows what is actually going on." But if the dominoes begin to tumble, Kirch may have to give up significant parts of the conglomerate he built from scratch over more than four decades. And, should the controversy taint friends who helped him along the way, he may not be the only high-profile casualty. One of his staunchest backers is Edmund Stoiber, premier of Bavaria and the opposition candidate set to challenge Gerhard Schr?der for the German chancellorship in September...
Problems of Location and Identity: Deconstructing the Taint...
While the Justice Department asserts that the use of so-called “taint teams” will prevent prosecutors from using the information obtained from the interception of phone calls between attorneys and their clients, this barrier is inadequate. Even assuming that this system functioned perfectly so that there were no unauthorized disclosures of information, whether inadvertent or deliberate, it would be simple for prosecutors to apply for access to the gathered information...
...Christophe Mitterrand, in a new book, exonerates himself not only of those charges but also of his life in general. In Mémoire Meurtrie (Battered Memory), Mitterrand fils, 54, casts himself as - what else? - a victim, first of a hard, cynical family, and then of outsiders hoping to taint the powerful father?s reputation through attacks on the sensitive...