Word: bails
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...lawsuit filed last week, the Federal Deposit Insurance Corporation is trying to recoup some of the $1 billion that the government spent to bail out the failed Silverado. "Our conclusion is that Silverado was the victim of sophisticated schemes and abuses by insiders and of gross negligence by its directors and outside professionals," said Douglas Jones, the FDIC's senior deputy general counsel. In the Denver hearing this week, the Office of Thrift Supervision aims to persuade an administrative-law judge that Bush should be banned in effect from ever again serving on the board of a financial institution. Bush...
...dipped so precipitously that even President Mikhail Gorbachev decided last month to join forces with longtime rival Boris Yeltsin, leader of the Russian Republic, in drafting an alternative plan. Thus when Ryzhkov stepped to the podium of the Supreme Soviet last week to present his latest plan to bail out the economy, parliamentary deputies, just back from the summer recess and visits with cranky voters, were not about to let him off lightly...
...Education Department reimburses guarantors for most of their losses. Ted + Sanders, Under Secretary of Education, said the government hopes to bail out HEAF without using any taxpayer money, but in any case the rescue will cost no more than $100 million...
...Thornburgh's most recent snafu involved George Bush's declaration of a stepped-up war against savings and loan crooks. Just days later, Assistant Attorney General Edward Dennis Jr., a key player in the S&L prosecutions, quit. Dennis' bail-out was only the latest in a series of high-level shake-ups at Justice...
...racketeering, mail fraud and obstruction of justice, Imelda was hoping to exercise her old influence. In a "Dearest Nancy" letter to the then First Lady, she pleaded -- to no avail -- for the Reagans to help with the Marcoses' legal problems. At least old friend Doris Duke came through with bail. For his involvement, Khashoggi, a man of multiple houses but no fixed address, was saddled with bail of $110 million -- and an electronic ankle band that keeps prosecutors informed of his whereabouts as he roams from smart Manhattan boites to the slopes at Aspen...