Word: fazio
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...call came just after midnight, and Gianpiero Fiorani knew immediately that the news was good. Antonio Fazio, Italy's central bank chief, was on the line to say he had just signed off on the bid by Banca Popolare Italiana (BPI) to take over another northern bank, Antonveneta. What neither man knew was that authorities probing BPI chief Fiorani's role in the attempted takeover were listening in. "Ah, Tonino, I'm moved," he said, addressing Fazio by an affectionate nickname, adding that he had "goose bumps...
...supposed to regulate--reinforced Italy's nearly mythic status as Europe's most rigged economy. The scandal created a major crisis for the government of businessman Silvio Berlusconi, itself no paragon of arm's-length transactions. Yet even Berlusconi finally found enough moral high ground to call on Fazio to resign his lifetime post after Finance Minister Domenico Siniscalco quit in protest when his calls for Fazio to step down had no effect. Siniscalco's replacement, Giulio Tremonti, who clashed with Fazio in an earlier stint as Finance Minister, tried to force him out by snubbing him at an International...
...next year, has bid for a gaming license in Singapore, is investigating a London property and in 2008 will finish Encore, a $1.4 billion, all-suites hotel on 8 hectares adjacent to the Wynn. Within a decade, the company intends to rip up Wynn Las Vegas' brand-new, Tom Fazio-designed golf course to build housing developments and entertainment facilities...
...next year, has bid for a gaming license in Singapore, is investigating a London property and in 2008 will finish Encore, a $1.4 billion, all-suites hotel on 20 acres adjacent to the Wynn. Within a decade, the company intends to rip up Wynn Las Vegas' brand-new, Tom Fazio--designed golf course to build housing developments and entertainment facilities...
...that the White House and Hill leadership have apparently compromised by agreeing not to make meaningful cuts in either Social Security or defense, congressional bookkeeping will almost surely become even more imaginative. Asked if the House budget was not fashioned from "smoke and mirrors," Democrat Vic Fazio of California responded not by answering, but by gloating over the G.O.P retreat on Social Security cuts. Never mind that the deficit will go on growing; just think of the political profits. Chuckled Fazio: "They'll be sucking our smoke." --By Evan Thomas. Reported by Sam Allis and Christopher Redman/Washington