Police: Madoff associate Jeffry Picower dies at 67 PALM BEACH, Fla. - Jeffry Picower, a Florida philanthropist alleged to have extracted billions from Bernard Madoff's investment scheme, drowned in his pool Sunday, police said. He was 67. Risk-taking is back for banks 1 year after crisis NEW YORK - A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Refusing bailout for CIT, gov't draws line in sand WASHINGTON - The Obama administration drew a line in the sand on financial bailouts Wednesday by denying emergency aid to CIT Group Inc., a struggling commercial lender on the brink of bankruptcy.
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