Word: bondses
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But Klein bought it and resold it to the county legislature, which voted $60 million in 30-year bonds to acquire development rights. The cost will be borne by local residents, whose taxes will rise a few cents a year. Yet Suffolk's citizens have generally supported the bond...
Barely a month ago, interest rates on high-quality industrial bonds averaged 8.45%; two weeks ago they were at 9.1% and now they are between 9% and 10%. Because of such market instability, major corporations have postponed at least seven big issues in the past two weeks. The latest: $300...
An even more important reason for the market break is investor worry over the possible consequences if the federal budget deficit for fiscal 1976 does soar above $70 billion or so-a concern given far more substance by President Ford's signing of the tax cut and Treasury Secretary...
Some corporations that are now putting off bond issues can do without the money for a while; those that cannot have other ways in which to raise it. Banks have ample funds to make short-term loans. Corporations are borrowing many millions of dollars through private placements-direct sales of...
Virtue believes in "the ancient verity of thrift" and wants to use the bank as a community resource. Vice (who comes equipped with a frigid wife and an effete son) cares only for profit. It is he who pushes a dangerously large loan to a multinational corporation at the expense...