Word: billing
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Dates: during 1980-1989
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...plan, which will cost some $157 billion over the next ten years, will allow the Government to close down or sell off more than 500 insolvent savings institutions. To reform the rest of the thrift industry, the bill tightens capital requirements so that S & L owners would have more of their own money on the line. Specifically, the bill calls for all thrifts immediately to post $1.50 in reserves for each $100 in deposits and reach a level of $3 in reserves...
...House vote was a sharp blow to S & L industry lobbyists, whose lavish courtship of Congressmen fostered in the mid-1980s permissive legislation that is blamed for aggravating the thrift crisis. The industry fought to weaken the capital requirements in the current bill by pushing an amendment, sponsored by Illinois Republican Henry Hyde, that would have allowed S & Ls a regulatory hearing before they could be forced to comply with the new standards. Hyde, the industry's most vociferous advocate, is a leading recipient of S & L PAC contributions. After Bush threatened to veto the bill if capital standards were...
...persistent criticism of the Bush plan is that it fails to provide as much money for the bailout as will eventually be needed. By some estimates, the cost of cleaning up the industry could exceed $300 billion over 30 years, with taxpayers picking up two-thirds of the bill. The FHLBB reported last week that the 2,938 Government-insured thrifts in the U.S. posted losses of $3.4 billion during the first quarter of the year. Observes Alex Sheshunoff, an industry analyst: "There's a lot more bad news to come." In the S & L industry, unfortunately, the most pessimistic...
...that end, the Zimbabwe government is sending ten of its threatened rhinos to south Texas ranches this summer. The program is supervised by the American Association of Zoological Parks and Aquariums, but the bill is being footed by Game Coin, a group of hunters. Rescuing rhinos costs big money: Game Coin has already invested $300,000 in the rhinos at Bentsen's ranch, and will spend more than that to capture and transport the Zimbabwe rhinos...
...give ground on a 30 cents-an-hour difference of opinion. On Tuesday Congress sent legislation to the White House calling for a $1.20-an-hour increase, to $4.55, by 1992. Less than an hour later, 35,000 ft. over Wyoming aboard Air Force One, the President vetoed the bill. Bush has insisted that $4.25 an hour is enough...