Jacob Frenkel
Jacob Frenkel
Jacob Aharon Frenkelis an Israeli economist and the Chairman of JPMorgan Chase International. He served as Governor of the Bank of Israel between 1991 and 2000...
asks department justice returning road stay time
The only time the Department of Justice asks for a stay is because it is going down the road of returning an indictment.
cooperation filing indictment takes
Sometimes it takes the filing of an indictment to induce a plea and cooperation.
changes face trial
It changes the face of the trial for the prosecutors and the defense.
helpful information likely others position prepare report support
There may be information in there that would be helpful to Mr. Greenberg in support of his position that others were responsible. The report will likely have information they need to prepare their defense.
absorb dire fact mainly reflects shocks
The fact that some dire predictions didn't materialize mainly reflects the robustness of the U.S. economy. 2005 has showed us that it is able to absorb more shocks than previously thought.