Word: banker
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...long regarded as the financial genius of U.S. organized crime; of cancer; in Miami Beach. Graduate of a Prohibition-era gang, the Russian-born Lansky became a top adviser to Mafia Leader Lucky Luciano. He later held the gambling franchise for Havana and, as the Mob's leading banker, had the task of laundering, investing and concealing its growing treasure. In the early days, Luciano used to marvel at the ability of his studious Jewish colleague to fathom the nuances of the Sicilian mind...
...Cotton candy," retorts Robert Roosa, a former U.S. Treasury Under Secretary and now a Wall Street banker. Salomon Brothers' Henry Kaufman agrees with Roosa. He contends that the U.S.'s public debt cannot be compared with that of a developing nation: the U.S. has an infinitely more powerful economy and a more stable political process. Others, echoing that view, note that banks can hardly send gunboats to seize Poland's steel plants, Mexico's oilfields or Indonesia's rice mills if debt repayments are halted. Says Britain's Lever: "I call [Wriston] the Peter...
...Recalls a U.S. diplomat: "They balked at paying a service fee on the money. They said they were seeing imperialism in action and threatened to take the next plane home. That would have meant default." In the end, the U.S. conceded. During the Brazil operation, a New York banker roused Volcker out of his sleep one night to plead for a $500 million Federal Reserve contribution to that salvage attempt. Volcker came up with the money. In either case, there was no margin for failure...
...former Belgian Congo had achieved a measure of political stability under the dictatorship of President Mobutu Sese Seko. More important, the country was recognized as a treasure trove of gold, diamonds, oil, copper and cobalt. Banks rushed to extend credit. They were to rue the day. Notes one foreign banker in Kinshasa: "We did not do our sums properly...
Plutnicki broke the ice, netting Harvard's first points in three minutes on a short banker. Then Bob Ferry blocked a short, caught the ball and lobbed it to the streaking Calvin Dixon, who deflected it ahead, gained control and drove in for the tying layup...