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Creating the illusion of fantastic success, of course, is Chapter 1 in the Scammer's Handbook. But many among the most egregious alleged billionaire bamboozlers, like R. Allen Stanford and Bernie Madoff, are taking the art of thievery to the next level. Some don't even bother opening an investor account when new monies come in; they just go shopping. It's enough to make Gordon ("Greed is good") Gecko blush. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

...success of IndyMac, though, shows that the government can accomplish its goal in a relatively short period of time. That's not the only evidence that the feds know how to hustle. Since the beginning of 2008, the government has seized 41 failed banks. In nearly all those cases, the FDIC already had buyers lined up for the failed institutions by the time they were taken over. Troubled banks are generally closed on a Friday and given to new owners over the weekend. In most cases, the failed bank's branches reopen with a new name on the door...

Author: /time Magazine | Title: Nationalized Banks: Why They Might Work | 3/6/2009 | See Source »

...research efforts. The group proposed the establishment of cross-school departments to facilitate interdisciplinary science research in areas such as stem cell biology. “SCRB was the first one to be established, which was logical given that the Harvard Stem Cell Institute had been an incredible success,” Colen said in an interview. “And it continues to be, in establishing collaboration among researchers across the University and its affiliated hospitals.”The Stem Cell Institute, which has collected tens of millions of dollars in funding over the past five years...

Author: By Esther I. Yi and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Life Science Conflict Grows from Stem Cells | 3/6/2009 | See Source »

...they say lay off we say back off” and “hey Harvard, you’ve got cash, why do you treat your workers like trash,” library worker and HUCTW member Geoff Carens said he thought the event was a success...

Author: By Huma N. Shah, CONTRIBUTING WRITER | Title: Students, Staff Protest Potential Layoffs | 3/6/2009 | See Source »

...global influences—have yielded U2’s best (“Achtung Baby”) and worst (“Zooropa”) efforts, and the results here are middling. Their only “experimental” album that can be called an unequivocal success was 1991’s “Achtung Baby”—and nothing on “No Line” is as rocking as “The Fly,” as unexpectedly joyful as “Ultraviolet,” or as beautifully...

Author: By Jessica R. Henderson, CRIMSON STAFF WRITER | Title: U2 | 3/5/2009 | See Source »

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