Word: brokering
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Dates: during 1960-1969
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Sarson is not content with victory; he knows how to make corruption complete. Full of magnanimity, he visits the Vasses and hints to Andrew how he, too, can make a killing. No sooner has Sarson left than Andrew is on the phone to his broker, all business and no principle. His wife finally flares with passion for him. Another Sarson is in the making...
...burden of The Little Girls is that those who would excavate the tells of childhood had better dig alone. Sheikie, "the famous child toe-dancer" of St. Agatha's, has degenerated into Sheila Artworth, a real estate broker's wife whose hair is now bluer than her blood. Mumbo, the skinny, frizzy-headed intellectual of the trio, has ballooned into Miss Clare Burkin-Jones, the burly, beturbaned boss of a London gift shop. But these distortions are nothing compared with the heightened powers of bitchery the little girls have acquired...
...scandal has deeply shaken many investors. Brokers got calls all last week from customers wanting to know if their securities were safe. Other investors wanted to buy insurance policies on their securities. How can the investor protect himself? If he opens a margin account to buy stock with only a down payment, he has no protection. The broker can put his stock up as collateral to borrow the rest of the price of the stock from a bank; if the broker goes bankrupt, the margin buyer loses out. Many investors do not realize that even if they pay for their...
...Brokers often hold such stock in the brokerage firm's name, and if the customer signs a "hypothecation agreement"-as he is frequently asked to-the broker has the right to borrow from banks on his stock. Anyone can refuse to sign the agreement and insist that the stock be registered in his own name, but some Wall Street legal experts insist that the safest path for the customer is to 1) pay for the securities and take them home, or 2) if he wants to buy on margin, borrow from a bank instead of a brokerage house...
Died. Grant Stockdale, 48, Miami real estate broker and early Kennedy-for-President booster, who was appointed ambassador to Ireland in March 1961 in recognition of campaign work and generous party donations, but was forced to resign after serious reverses in the May 1962 stock market slump, after which increasing nervous strain left him unable to cope with the news of the President's assassination; by his own hand (defenestration); in Miami...