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...House, Congressman Gary Peters of Michigan was circulating a similarly confiscatory levy. But House Banking Committee chairman Barney Frank was not about to be bothered with such legislative niceties. He pointed out that the U.S. government - after pledging more than $150 billion in aid to the company - owns 79.9% of AIG. He told reporters, "I think the time has come to exercise our ownership rights. We own most of the company. And then say, as owner, 'No, I'm not paying you the bonus. You didn't perform. You didn't live up to this contract.'" (See how financial madness...

Author: /time Magazine | Title: The AIG Bonuses: Getting Mad and Getting Even | 3/18/2009 | See Source »

...even many of his former hedge-fund backers aren't particularly happy. As Dodd and House Financial Services Committee chairman Barney Frank work to craft legislation overhauling the nation's banking and securities regulations, Dodd's populist ploys give many on Wall Street pause. "The competition for capital and talent is now global. What we saw when the Senate inserted the executive-compensation restrictions was a cause and effect," Tom Quaadman, who works on financial-sector issues at the U.S. Chamber of Commerce, says, pointing to examples of companies like Deutsche Bank and UBS poaching U.S. talent driven away...

Author: /time Magazine | Title: Connecticut's Chris Dodd Faces a Backyard Rebellion | 3/9/2009 | See Source »

Instead of watching hours of Barney, the study’s author suggests reading, singing, and stacking blocks with your child, all of which help brain development. Once they get older, you can move them up to Jenga (Okay, Jenga is not actually part of the study...

Author: By Lauren D. Kiel | Title: Baby Morons | 3/6/2009 | See Source »

...your problems. When I started writing, I had a newborn baby and then I very quickly had his brother and sister. I didn't have time for writer's block. I wrote every few minutes that the kids were napping or at nursery school or watching Barney on television. Because of that, I learned how to really sit down quickly and focus when I needed to. I've always sort of believed that writer's block is a luxury for people who have time on their hands...

Author: /time Magazine | Title: Author Jodi Picoult | 3/3/2009 | See Source »

...surprised that Senator Chris Dodd and Congressman Barney Frank were left off the list of 25 people to blame for the economic meltdown. Each of them chairs a committee with oversight of banking and housing, the two sectors that got us into this mess. Each of them blocked attempts at tighter controls over Freddie Mac and Fannie Mae. Even more outrageous was Dodd's acceptance of a VIP loan from Countrywide. These two characters ought to be No. 1 and No. 2 in the lineup. Tim Grosscup, VILLA PARK...

Author: /time Magazine | Title: Inbox | 2/26/2009 | See Source »

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