Word: bearers
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...shooing away mosquitoes and unsuccessfully dodging spiky palm trees. And yet, as a full-fledged chocoholic, I don't mind: I'm about to find the world's best cacao. A couple more meters down the trail, I see it. Not an especially tall tree, nothing majestic--just the bearer of the divine criollo bean...
Just 13 months ago Mejia and his cohort were global celebrities. A world used to watching Latin American students march for Che Guevara causes did a double take: these undergraduates were pouring out of campuses to oppose the new standard bearer of the Latin left. And they weren't all children of right-wing oligarchs. Many were leftists themselves, with first names like Stalin. Their beef, they said, wasn't so much with Chávez's Bolivarian Revolution, which many of them acknowledged had finally enfranchised the poor in a country that has the hemisphere's largest oil reserves...
...that will bring Citi more than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small fourth-quarter profit of $702 million, was the bearer of troubling news, as CEO Jamie Dimon spoke of more hard times to come. "The worst of the economic situation is not yet behind us," he said, noting that the bank's most worrisome businesses going forward are consumer loans and credit cards. (See pictures of scared traders...
...bank that is funded by nameless wire transfers to Switzerland, the Caymans, Liechtenstein. It's still unclear as to whether Madoff had his own bank, but there is always the ever popular method of hidden safes and multiple, anonymously managed safety-deposit boxes loaded with cash, or even better, "bearer bonds," an old-fashioned but effective tool that is as good as cash and can be presented to banks by anyone bearing them - no questions asked. Today they are used frequently in Central America. Typically, bearer bonds pop up years later in the hands of family members, after the institutional...
Over the course of 20 years, a person like Madoff could have stashed away a lot of bearer bonds, for a lot of money, in a lot of places. But what about the money trail? Couldn't transaction records lead investigators to these caches? "You'll likely see an amazing loss of memory and material in the months ahead," says the Treasury Department expert. "Computers will be lost, fires will be started, records and books destroyed. It always happens...