Word: banker
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...deal of his life, Trump won his battle to avoid bankruptcy last week but was forced to give his bankers financial control over his empire and his purse strings. A total of 77 lenders agreed in principle to give him a five- year, $65 million cash infusion to enable the overleveraged tycoon to meet a $43 million interest payment on junk bonds issued to finance Trump's Castle Hotel and Casino in Atlantic City. Failure to make the payment could have pushed the developer's holdings into a chain reaction of defaults. "This is a deal that will go down...
...Philippines the Marcoses allegedly demanded kickbacks on all government contracts, a practice the defense dismissed as an "unofficial tax." One witness, shipping executive Jose Reyes, said that over a ten-year- period he paid $25 million, delivered to the Marcoses' personal Swiss banker...
...shift focus from the cost of dealing with the problem," says Paul Horvitz, a finance professor at the University of Houston. At this point, the biggest new scandal would be to push the increased bailout cost into the future by borrowing more money. Felix Rohatyn, the Manhattan investment banker and fiscal gadfly, proposed last week that the Government pay for the bailout with a 5% surcharge on federal income taxes, which could raise $25 billion to $35 billion a year. Borrowing the money instead, he said, would amount to "leaving it to our children to pay off our own stupidity...
...look like someone given to discussing hysterectomies and high-stakes political battle at the dinner table. She looks like a casting director's idea of a Bryn Mawr president who must be bodily restrained from adding gloves -- or perhaps even a pillbox hat -- to her already ultra-conservative banker-blue suits and fitted red blazers and pearls. One San Francisco columnist refers to her "vulcanized hairdo," worthy of Margaret Thatcher. Other traits, however -- her stature (5 ft. 10 in. in the half heels she favors) and a steady green- eyed gaze -- bespeak a sense of authority and a sociability that...
...Trump wrote in his 1987 best seller, The Art of the Deal. "That makes the other guy smell blood, and then you're dead." But Trump's arrogant business style is haunting him now that he needs understanding. "Trump's personality works against him," says a top investment banker. "His own behavior created a level of scrutiny about his judgment, his ability to pay and his 'high moral standing,' which are the criteria in lending money...