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...controversial bonuses to top executives.) Citi finalized its plan for paying 2008 bonuses in January. But it's unclear whether Citi's deferred-payout plan would be considered a valid employment contract under the rules set out in the stimulus package. The law leaves that up to Treasury Secretary Tim Geithner to decide...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

...slip is embarrassing for Treasury officials who have been assuring the media and the markets that the plan was coming, first in mid-February, and as recently as March 14 when Treasury Secretary Tim Geithner told Bloomberg TV he would release details soon. A senior Treasury department official says the plan isn't slipping, but other government officials say it is and could be unveiled anywhere from next week to early April. (See TIME's top 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Plan to Buy Toxic Bank Assets Delayed Again | 3/19/2009 | See Source »

...saga the "most outrageous" of the current financial crisis. "It's an outrageous situation," agreed Senate minority leader Mitch McConnell. His House counterpart, John Boehner, said the Obama Administration's handling of the AIG mess was "outrageous." Senate Banking Committee chairman Chris Dodd claimed to have warned Treasury Secretary Tim Geithner that the bonuses would be met "with an unprecedented level of outrage...

Author: /time Magazine | Title: The Upside of Anger | 3/19/2009 | See Source »

...worth a try. If nothing else, it would give the outraged American electorate the sense that the responsible parties are paying for something closer to their fair share of the financial bailout. Which would allow us all to get back to the Important Things that Larry Summers and Tim Geithner (and I) would rather focus...

Author: /time Magazine | Title: The Upside of Anger | 3/19/2009 | See Source »

...times.”As much as the Jones brothers gained from Harvard swimming, they also gave back to the program, bringing infectious dedication and intensity to the pool.“There’s an inherent competitiveness [between Dan and Bill],” head swimming coach Tim Murphy says. “When they went against each other, they always raised the bar for everyone else. It added to our competitiveness across the board.”The Jones brothers made an impact on the scoreboard from the outset. Bill garnered All-Ivy honors...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: A Tale of Two Swimmers | 3/19/2009 | See Source »

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