Word: bankrupter
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...somehow to blame. There is little doubt that the Bush children have shown appalling judgment in business matters. Neil Bush became a national symbol of the S&L debacle in 1988 when he served on the board of the Silverado Banking, Savings & Loan Association, a Denver thrift that went bankrupt and then cost taxpayers $1 billion to recapitalize. Silverado's problems had worsened after Neil Bush and other directors approved bad loans to a businessman who had invested in Neil's oil-exploration firm. The inexperienced 30-year-old should have guessed that his partners might have wanted only...
...bailed out last month, Wirth cited his frustration over deadlock and partisan bickering on Capitol Hill. But like many fellow incumbents, he may also have foreseen a tough re-election campaign. In 1989 Wirth sought to ease restrictions on junk-bond trading; his opponents point out that the bankrupt investment firm Drexel Burnham Lambert -- which specialized in junk bonds -- contributed $41,000 to Wirth's campaigns...
...They don't bankrupt people. They just give the winner something to brag about," Landry says...
...years. The rig count, the best gauge of life in the oil patch, hovered last week near an all-time low of 660. Production from existing fields has shrunk to its lowest since 1962. Scores of drillers, producers and support firms are laying off, folding up or going bankrupt. Warns Denise Bode, president of the International Petroleum Association of America: "The industry is nearing a state of economic collapse...
When his old comrade Defense Minister Peng Dehuai told him the facts, Mao declared him an enemy, fired him and replaced him with Marshal Lin Biao (also apparently a drug addict). The country went bankrupt, and President Liu Shaoqi and Deng Xiaoping, General Secretary of the Communist Party, took over day-to- day control to restore the economy...