Word: cashing
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Dates: during 1950-1959
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...attack on-the FHA mounted, a boomerang effect appeared as a dangerous possibility. Many sensed that if the political moralizing were allowed to get out of hand, the agency might be completely destroyed. To complicate matters, the savings and loan associations, long-time enemies of FHA, seemed anxious to cash in on the public indignation and press for abolition of the service. As competitors of the federal government in the mortgage insurance business, they have every reason to hasten...
...guarantee mortgages on middle priced apartment housing. This meant that a builder could borrow money (at up to 90% of the appraised cost of the project) with the assurance that the federal government would pay if he defaulted. The charges asserted that many builders had overborrowed, getting more cash than they needed to build the apartment houses, and then had pulled out leaving Uncle...
Mexico's economic situation is by no means as bad as such drastic action implies. Its cash dollar reserves still exceeded the $200 million mark, and it has not even touched its $100 million emergency credits with the International Monetary Fund and the U.S. Treasury. Mexico's Treasury Secretary Antonio Carrillo Flores insisted last week that within the national economy, affairs are "generally satisfactory...
GENERAL MOTORS paid its President Harlow H. Curtice a grand total of $637,233 in salary, stock and cash bonus in 1953, the biggest money ever given a G.M. executive, surpassing Charles E. Wilson's record $626,300 in 1950. Eleven other executives got more than $300,000 apiece; G.M.'s top 62 officers and directors collected almost $12 million...
Time Limit. In Edmonton, Alberta, the Journal printed a classified ad: "Old beat-up house must be sold before it collapses. Give us a cash offer...