Word: cleanup
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Dates: during 1980-1989
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...well. A 51% federal salary increase would quietly take effect, the Cabinet could be swiftly and pleasantly confirmed, sleaze would disappear in a warm glow of mutual trust. If everyone would make the same rosy economic assumptions, money would be found to pay for the savings and loan cleanup just unveiled and the budget just proposed...
...billion bond issue would be spent to liquidate or auction off the remaining 300 or more insolvent savings and loans. Those failing thrifts will be isolated from the rest of the industry by bringing them under a new agency called the Resolution Trust Corp., which will oversee their cleanup...
...thrift industry seemed to meet the proposal with grudging acceptance but a fair amount of grumbling. Healthy S & Ls object philosophically to paying excessive cleanup costs for their fraudulent and incompetent brethren. Says Adam Jahns, chairman of Chicago's Craigin Federal Savings & Loan: "I don't think we should have to pay for serious crimes committed by others." Another complaint by S & Ls is that by combining thrift and banking supervision, the Bush plan may blur the distinction between the two and eventually remove any competitive advantage the thrifts still have, principally the ability to borrow long-term funds from...
Throughout the morning, Lashman replied to the committee's criticism by saying the Dukakis budget meets the state's committments on education, mental health, the homeless, hazardous waste cleanup and the environment...
...shopping malls, industrial parks and apartment buildings. Even though the substance poses only a minimal health risk in most work environments, its widespread presence in the ceilings and walls of commercial buildings is prompting a sharp drop in the value of those , structures. It is also spurring a crash cleanup effort that may cost as much as $100 billion over the next 25 years. "Asbestos is the monster in the closet," says Richard Jones, a Connecticut attorney who represents mortgage lenders. "People's reaction is visceral. It has a very chilling effect...