Word: bail
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Dates: during 1980-1989
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...seat. Confident that this type of lending wasn't subject to ordinary precautions applied to individual customers, bankers went far out on a limb. Now the bankers are equally confident that they've gone so far with the nation's wealth that the U.S. government will have to bail them out if worse comes to worse. Attached to the recent emergency Congressional approbation for the International Monetary Fund were new regulations concerning just that. Congress should be ready and willing to go farther, much farther if necessary, to forestall a similar blunder by the nation's private banks...
...Cambridge City Council last night approved two sizeable budget allocations--one to bail out the fiscally strapped School Department and the other to help insure Cambridge's future solvency...
Last year's spectacular crash of the Souk al-Manakh, Kuwait's unofficial stock market, has also had a depressing effect. More than $90 billion in debts was outstanding when the wildly speculative market collapsed. While the Kuwaiti government has moved to bail out small investors, losses are still widely felt. "The debacle has cast a terrible shadow over business in the gulf," notes one foreign observer...
Austin, who is out on bail, could not be reached for comment. He will have a preliminary bearing at a municipal court on December...
Enough cloak-and-dagger skulduggery? Wait, there may be more. Harper is being held without bail for a hearing Oct. 27. If convicted of espionage, he faces life imprisonment. If Harper talks some more, the big question is what he might say about William B. Hugle, an engineer-businessman in his late 50s who founded several Silicon Valley electronics firms...