Word: borrowings
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Dates: during 1970-1979
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Lance's freedom to maneuver is limited. Because he has already used most of his holdings as collateral for loans, he has relatively little remaining that he can borrow against. In January Lance reported he had $7.9 million in assets, including a stock portfolio of $5.6 million and $1.3 million in real estate. His total liabilities-composed mainly of bank loans-came to $5.3 million, leaving his reported net worth as $2.6 million. That figure has diminished, although by just how much has become one of Washington's favorite guessing games...
Lucy feels some aversion to Hacker, but she does warm to her new neighbor, Count Dracula. The caped leech has been visiting more regularly than anyone realizes--and not to borrow cups of sugar, either. It is only a matter of time before the heroic trinity of Seward, Hacker and Van Helsing realize what evil, half-human force they must fight in their quest to save Lucy. Two and a half acts later, they will nail...
...such abuses, Congressman St Germain would make it illegal for a banker to borrow from a correspondent bank under any circumstances. Bankers disagree vehemently on this point. Complained the ABA's Smith: "That may look good on the page of an economics textbook. But it would be disastrous for good, competitive banking. After all, bankers need full and speedy access to credit...
...policy of inviting multinationals to invest is precisely the one advocated by western experts at the World Bank, the U.S. Agency for International Development, and the western-controlled International Monetary Fund. Aid to underdeveloped countries is often tied to policy recommendations, so that if Third World governments want to borrow capital for development, they must give multinational corporations free rein...
...bill that would allow graduated-payment mortgages and introduce several other ideas not now widely used. Among them: mortgage loans on which the householder would pay only interest the first year, deferring principal repayments until the second year; and "reverse annuity mortgages" that would sensibly permit retired people to borrow on the equity in a home and live, in it at the same time, with the loans to be repaid by their estates when they die. Whether such mortgages are permitted now is a tangled question of federal and state regulation; in any event, giving them specific legislative sanction...