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...have cases of corruption, but Grameen Bank now has 28,000 staff, 8 million borrowers and 2,600 branches. We lend out over $100 million each month and have a similar amount coming back each month, handling this physically in the villages. It's very easy to put money in your pocket. But the amazing thing is that cases of corruption are so rare...

Author: /time Magazine | Title: 10 Questions for Muhammad Yunus | 9/28/2009 | See Source »

...walk away scot-free when their bets went awry, plunging the world into crisis. Bonuses are just one aspect of the larger issue of moral hazard that has been raised over the past year, as governments and central banks have spent tens of billions of dollars of taxpayers' money to rescue financial institutions whose recklessness in the name of short-term profiteering is at the root of the trouble. For all the recent signs of improvement, the financial situation is still far from normal. Some huge financial institutions, from AIG to Royal Bank of Scotland, remain on government life support...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...Association of Community Organizations for Reform Now (ACORN) has drawn conservatives' ire ever since allegations of voter-registration fraud dogged the group in the 2008 election. So when an activist posing as an aspiring politician taped ACORN workers advising him on how to launder money from a brothel to fund his campaign, the knives came out. The scandal--along with recent charges that Florida staffers had falsified voter forms--has been a blow to the group, which works on behalf of low- and middle-income families. The U.S. Census Bureau dropped ACORN as a partner in the 2010 population count...

Author: /time Magazine | Title: The World | 9/28/2009 | See Source »

What role does the Federal Reserve have in our current economic downturn? -Brad Thomas, Kalamazoo, Mich. The Federal Reserve is the key element in the formation and collapse of financial bubbles. They're a government unto themselves. They print their own money. So if people have any concern whatsoever about the serious financial problems that we have, they have to know about what the Federal Reserve is doing...

Author: /time Magazine | Title: 10 Questions for Ron Paul | 9/28/2009 | See Source »

...were shown in the Sacha Baron Cohen film Brüno? -Matthew Thacker, Bowling Green, Ohio I don't feel good about it because I was the subject of a trick, and nobody likes to be tricked. I understand they're not making a tremendous amount of money off this movie, so maybe the American people aren't as cynical as they assumed. (Watch the conversation with Ron Paul...

Author: /time Magazine | Title: 10 Questions for Ron Paul | 9/28/2009 | See Source »

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