Word: crunchings
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...fact, the law that set the rescue in motion last year was so deeply flawed that it may have worsened some of the industry's woes. For example, regulators imposed strict new lending standards on thrifts and commercial banks; the restrictions helped cause a credit crunch earlier this year. Ironically, many thrifts may go belly-up because of the tough new regulation. The standards require thrifts to have more capital on their books than even some profitable S&Ls had previously carried. As a result, even some well- managed institutions such as Chicago's 68-year-old Talman Home Federal...
...easy to absorb them. When Soviet Jews began to pour in last December, experts warned there would not be enough apartments to house them. With the arrival of nearly 50,000 immigrants so far this year, and another 100,000 expected in the next five months, the housing crunch has come...
...some they feel a bit more ambivalent about. Breakfast, for example, which they take 45 minutes to eat, is often the high point of their morning. But it's just hard for me not to feel a bit queasy when I see Enrico putting sugar on his Captain Crunch and in his glass of milk...
...into a recession, but Federal Reserve Chairman Alan Greenspan has steadfastly maintained that rates must be kept up to hold inflation at bay. Last week Greenspan blinked. In testimony before the Senate Banking Committee, he acknowledged for the first time that many banks are causing a credit crunch by being overly stingy in granting loans. As a result, Greenspan said, the Federal Reserve may act to "offset" the credit tightening by engineering a "modest" drop in interest rates...
Donald Trump is not alone in his misery. Hapless borrowers, crushed by debts they assumed during the go-go 1980s, have made the term "cash crunch" a byword of the '90s. The average U.S. company is so loaded down with loans that it must spend fully 50% of its pretax earnings on interest payments, vs. 32% in 1980. "The major issue facing the nation is that people and companies can't live off debt indefinitely," says Louis Masotti, a professor at the Stanford and Northwestern business schools...