Word: banker
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...replaced, resumed its happy rise last week. Spurred in part by the growing conviction that the Fed Chairman's job was safe, the Dow Jones industrial average rose 46 points, its second largest weekly gain this year, and reached a record high of 1242.19. Said New York Investment Banker Felix Rohatyn: "Volcker's monetary policy has been criticized by almost everybody and is therefore probably right." Reaction on Capitol Hill and in international banking circles was also very favorable. Only a few demurred. Complained Conservative Monetarist Milton Friedman: "President Reagan has decided to take the course of least...
...Fekete, 65, a guest at the TIME European Board of Economists session, is the favorite Eastern banker of Western bankers. As deputy president of the National Bank of Hungary, Fekete has raised hundreds of millions of dollars in loans that have helped keep afloat Hungary's distinctive and partially decentralized brand of Communism. Says one European banker who has negotiated with him: "If Hungary weren't a Communist country, Fekete would be the chairman of a private bank and ride around in a Rolls-Royce." He actually drives a Soviet-built Lada...
...ranks ahead of the president of any major corporation, of any banker but David Rockefeller. Such ratings, as Catholic University Professor Norman Ornstein sensibly observes in the same issue, "underscore the power of personality, notoriety and the perception of power, as much as its reality...
...York City's six largest banks, which have loaned Brazil at least $12.7 billion, to review the deteriorating situation. The moneymen at the meeting agreed that the South American country will probably need loans worth at least an additional $2.5 billion to make it through 1983. Said one banker after the three-hour session: "Brazil's financial problems are reaching the point of crisis...
...paying. In suits brought against subway or bus authorities by crime victims, says Chicago Attorney Philip Corboy, "jurors recognize that it's their own tax dollars that pay for the award." And a juror's financial status may matter. Says New York's Moran: "The banker in Westchester won't give you a nickel, while Bronx jurors will give you the courthouse...