Word: defaulters
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Dates: during 1980-1989
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...long do you think the Federal Government and the banks can pull the wool over our eyes? The banks that lent money to Latin American countries knew there was a good chance those countries would default [ECONOMY & BUSINESS, July 2]. They also knew that the U.S. Government would help them out with our tax dollars. Citizens should tell our Government to stop bailing out the banks. Jan Theiss Guffey San Jose, Calif...
...agony of default may lie in the perception of what the Olympics were meant to be and not in what they have become. It seems questionable to criticize the U.S.S.R. for exercising a freedom of choice we have already used. Politics has been a part of the Games for decades; perhaps the best we can do is recognize this and learn to deal with...
...more than two years American bankers have been concerned that a Latin American nation would default on its loans. Pedro-Pablo Kuczynski, president of First Boston International and former Minister of Energy and Mines in Peru, has warned, "One of the smaller Latin American countries defaulting could set off a chain reaction." Last week Bolivia, though a mere mouse of a debtor by international standards, looked as if it could be the mouse that roared. The economically ailing country said that it will temporarily suspend repayment of its $3.4 billion in foreign loans, including some $680 million owed to Western...
...first unit at Seabrook and prevent the bankruptcy of the plant's leading owner. Public Service Co. of New Hampshire. Work on the two-unit power plant had been halted in April when Public Service ran out of money and announced that it was on the brink of default...
...Last week also, the world's top money men met behind closed doors in Manhattan to discuss the rising debt crisis. Anthony M. Solomon, president of the New York Federal Reserve Bank and host of the session, has been warning that rising interest rates could push countries toward default. He has proposed that private banks set a limit on the interest rates they charge Third World debtors. Present at the meeting: IMF Managing Director Jacques de Larosière, who has brought the banks and the IMF together to rescue countries most in danger of default...