Word: cash
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Dates: during 1980-1989
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...artifacts his divers recovered from the Atocha and other wrecks were auctioned off at Christie's. The $2.9 million raised will go to various investors in Fisher's venture who put the articles up for sale. "That's their prerogative," said Fisher. "A lot of the people wanted the cash...
...some other respects, however, Wright is no more easily defended than Meese. One allegation is that Wright, who was then House majority leader, threatened in 1986 to block legislation injecting desperately needed cash into the Federal Savings and Loan Insurance Corporation, the agency that insures depositors in thrift institutions, until one regulatory case was decided to his satisfaction. If true -- and Wright denies it -- such an attempt to hold up urgent legislation would constitute a blatant abuse of his office...
...candidates with a built-in fund-raising advantage. But in hindsight it is striking that the overstuffed larders of Bush and Dukakis never became campaign issues. The Vice President, in fact, only narrowly edged Dole and Robertson in the greenback derby; the difference was that Bush husbanded his cash far more effectively. Dukakis cleverly deployed a ; bogus PAC-man issue to keep his underfunded rivals on the defensive. Political-action-committee funding may be a problem in congressional races, yet it was a minor factor in the 1988 primaries. By frequently chastising Gephardt for accepting PAC support, Dukakis pre-empted...
...allegedly fraudulent investment machine for its owner, a former dentist. Last week federal regulators said they would liquidate the two ailing S and Ls, a drastic step for institutions so large. The Federal Savings and Loan Insurance Corp., which guarantees thrift deposits, will spend a record $1.35 billion in cash to pay off insured depositors (up to $100,000 for each account) of Costa Mesa's North America Savings and Loan Association and the American Diversified Savings Bank. The payout, which temporarily slashes the federal insurance fund's cash balance by 40%, to $1.9 billion, is likely to heighten...
...Federal Home Loan Bank Board, which regulates savings and loans, tries to avoid cash bailouts, preferring to merge insolvent institutions with healthier ones. But the two California thrifts were poor prospects for such a rescue because they lacked loyal, small depositors. Instead, the two institutions attracted funds from money managers who demand higher-than- average interest rates...