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There were also times in recent years when I had money, which had originated in the New York Chase Manhattan bank account of my investment advisory business, transferred from the London bank account of Madoff Securities International Ltd. to the Bank of New York operating bank account of my firm's legitimate proprietary and market making business. That Bank of New York account was located in New York. I did this as a way of ensuring that the expenses associated with the operation of the fraudulent investment advisory business would not be paid from the operations of the legitimate proprietary...

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

...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 of my fraudulent investment advisory business would not be paid from the operations...

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

...genetically programmed to shed friends once they get married, not add them. "If my dad had social engagements, it was my mom who arranged them," Rudd says. "But I never had a problem making friends." So, sitting in a booth at the Half King bar in New York City, two beers down, we decide to see if we can pull it off. (See the Top 10 Movie Bromances...

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

...asks, "Was she a good kisser?" Rudd deflects with "Well, I knew her husband," and then explains that TV kissing rarely involves tongue. Politziner also finds out the best ad-libbers Rudd has worked with (Will Ferrell, Steve Carell and Jane Lynch), his favorite books (Pete Hamill on New York history), where he lives (he rents an apartment in the West Village and recently bought a weekend house in upstate New York) and what he's been working on (Rudd and some friends wrote a sitcom about actor-caterers called Party Down that airs on Starz starting March...

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

...aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing for deposits," says Richard Sylla, an economist at New York University's Stern School of Business. "There's a profit opportunity there." Odd as it may sound, it's a great time to start a bank...

Author: /time Magazine | Title: While the Giants Reel, Many Small Banks Are Thriving | 3/12/2009 | See Source »

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