Word: borrowing
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...must realize that positive change is difficult to come by and sometimes requires more urgent action, not "subtle" argument. To borrow a phrase, we do not believe that respect and understanding is too much to ask of Harvard's student body. --Dionne A. Fraser '99 Dahni-El Y. Giles '99 Josephine S. Noble '99 Terrance Q. Norflis '99 Jason B. Phillips...
...write a thesis. With the perspective of time (all two weeks of it), I find myself remembering fondly my final month, where I bled some 80 pages. The thesis stands before me now, not as some alien product of my labors but as a substantial project--a capstone (to borrow a cliche)--that I will take with me after graduation...
...take care of it," McDougal said. "You may have to sign a mortgage." McDougal explained that the investment would involve little or no cash; they'd borrow the full amount and flip the land as quickly as possible. Both Bill and Hillary seemed excited at the prospect of making some money and agreed on the spot to join in the venture...
McDougal was happy to get an infusion of cash, nearly all of which was used to pay down the outstanding principal of the Citizens Bank loan. Then, to replace the advance he'd made to finance the construction of the modular home, McDougal arranged for Hillary to borrow $30,000 from Madison Bank and take title to the property. The loan would be repaid, he assured her, using proceeds from the sale of the house. She agreed, and henceforth the modular home on Lot 13 became known as the Hillary house...
...this point, surely even the Clintons realized that Whitewater was proving to be a disastrous investment. They had to borrow another $20,000 from Citizens Bank (a note the Clintons and the McDougals signed personally) at 14.5% just to cover interest payments on the original Citizens loan. Existing revenues weren't nearly sufficient to cover interest expenses, which kept rising as notes were renewed at higher rates and new notes taken on. So far, the partners had kept their fingers in the dike by continuing to borrow from friendly bankers or the bank controlled by McDougal. But this was little...