Word: multibillion
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...right? But, of course, they didn't. Why? The money. It was just too good to let us, the simple-minded investors, foolish enough to think this was all on the up and up, know too much, to raise concern, to cause trouble with perfectly legal, unregistered, multibillion-dollar funds that worked hard to stay under government radar. Legally, they didn't have to say a thing...
...state of good repair (a visit to any subway station will indicate they're not there yet), the city doesn't have the power to enforce it. Similarly, the plan pushes new projects like the long-awaited Second Avenue subway line on Manhattan's far East Side. Those multibillion-dollar improvements were to be paid for in part by implementing congestion pricing in Manhattan - charging drivers to enter the most crowded part of the city. As an added benefit, congestion pricing would have helped unclog New York's sclerotic traffic, which now costs the city $13 billion a year...
...puzzler for money chasers in Madoff's $65 billion Ponzi is why the multibillion-dollar bank account he kept at Chase never came under suspicion by internal bank compliance systems or managers in charge of Madoff's account. (Watch TIME's video about Madoff's trial...
...move came after Obama officials spent part of the weekend playing defense on AIG, as more details of the bailout became public. But the harsh criticism of the company is unlikely to stem rising public outrage with the multibillion-dollar cleanup operation. That anger came after federal officials named dozens of U.S. and European financial institutions that, together with municipalities in Virginia, California and elsewhere, have shared in more than $170 billion in AIG bailout money. (See 25 people to blame for the financial collapse...
...Internal Revenue Service is bracing for a deluge of amended tax returns from tens of thousands of victims caught up in the recent wave of multibillion-dollar Ponzi schemes and other frauds, most notably the sensational swindle perpetrated by Bernie Madoff and R. Allen Stanford's $8 billion certificates-of-deposit scam...