The ski-mask-wearing armed robber who knocked off a Wendy’s in Atlanta this past summer has not been apprehended, but police said he later called the store to ridicule the staff for having so little cash.
“Next time, there better be more than $586.”
At a U.S. Senate committee grilling, the head of enforcement of the Securities and Exchange Commission admitted that not a single agency staff member has been fired or demoted over the multiple missed signals handed to them in some cases 11 years before the Ponzi schemes of Bernard Madoff and R. Allen Stanford were uncovered.
Sen. Christopher Dodd of Connecticut said it appeared that “one side of the agency was screaming that there was a fire,” but the other side of the agency demurred because putting it out would have been hard work.
The Prudential Financial corporation, holder of life insurance contracts on U.S. troops, modified the standard payout method in 1999 — by encouraging beneficiaries to take not lump sums but “checking accounts” on which survivors could draw down proceeds “as needed.”
Though this arrangement obviously benefited Prudential, it was unclear why the Department of Veterans Affairs had endorsed it — implicitly in 1999 and then in writing in September, 2009.