Word: bailouts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When Brown attacked the Senate for staying up until midnight to discuss the Savings and Loan bailout and asked why they couldn't do the same to discuss full funding for Headstart, his listeners agreed. Like no speaker I had seen before, Jerry Brown spoke to his audience, and his audience heard...
...more money is needed to compensate victims worldwide, so authorities are seeking a much bigger bailout. Their intended source: the ruler of Abu Dhabi, Sheik Zayed bin Sultan al-Nahayan, who is now the major shareholder in B.C.C.I. For months banking authorities and liquidators have tried to talk Zayed into donating billions of dollars to cushion the losses of depositors around the world so they might recoup 30% to 40% instead of the 10% now expected. B.C.C.I.'s agreement with the U.S. may pave the way for that bailout...
...long ago, as Seidman prepared to step down from his post, William Proxmire wrote a flattering valedictory to the chairman. So Seidman renamed his dog Annunzio in dubious honor of Frank Annunzio, chairman of a House Banking subcommittee, who has sparred with Seidman over the S&L bailout. Seidman tells colleagues that when he calls "Annunzio! Annunzio!" the dog rolls over and plays dead...
...Wednesday empowered a private receiver to seize control of Chelsea and impose such drastic changes as revising police, fire and teacher contracts and suspending zoning rules. But lawmakers fear that Chelsea will demand new state funds, which may inspire other struggling towns to look to the statehouse for a bailout...
...once regulators let CenTrust stay in business, B.C.C.I. whisked the $30 million back into its own accounts. By the time CenTrust formally went bust in 1990, the yearlong delay in closing the thrift may have cost American taxpayers as much as $1 billion in extra bailout expenses...