Word: borrowers
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Ferraro knew there was no limit on how much a candidate could spend in personal funds to run for Congress. She says she was advised by a volunteer lawyer in her campaign that she could borrow money from her husband and the trust funds of their three children. She chose this course, getting the first of four loans totaling $134,000 from them in May 1978. Once her campaign got rolling, she expected enough donations to repay the loans...
...with two kids. They've already got an apartment together. Well, last night he comes into my place. I gave him one of my superduper dirty looks. He says I've got to talk to him because the two of them need money. He wants to borrow some. Can you imagine...
...that has been jolting F.C.A. The company, which is the parent of American Savings & Loan Association, the largest U.S. thrift institution, may be facing liquidity problems. Last month institutional investors, worried by the company's lower earnings and regulatory problems, withdrew $1.4 billion in deposits, forcing F.C.A. to borrow emergency funds from the Federal Home Loan Bank in San Francisco. Coming just three weeks after the $4.5 billion federal bailout of Chicago's Continental Illinois Bank, the troubles at F.C.A. were particularly unsettling to financial circles. After Knapp's press conference last week, the Dow Jones industrial...
...billion deficit projected for 1989 is so large, the candidate said, that a stack of $1 bills in that amount would reach halfway to the moon. The Federal Government, he went on, needs to borrow $500 million today just to get through tomorrow. The simple, vivid images were right out of Ronald Reagan's 1980 campaign repertoire, but now the speaker was Walter Mondale. All week long the Democrat pounded away at the budget deficits ("a trap door under our economy") and at the President's denial that tax increases are inevitable. And all week long the Reagan...
...Faced with the prospect that the Government would grind to a halt during the three-week congressional recess, the Democrats eventually relented and went along with a $53 billion debt-ceiling increase, raising the figure to an almost unimaginable $1.6 trillion. Even this will allow the Government to borrow only enough to pay its bills through August...