Word: deposited
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Dates: during 1990-1999
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Bowsher warned that taxpayers may also have to bail out the banking industry if Washington cannot agree on how to replenish the dwindling Federal Deposit Insurance Corporation fund. It could lose more than $23 billion over the next two years as the commercial real estate depression causes hundreds of shaky banks to fail...
Under the plan, former officers, directors and lawyers of the failed thrift will pay the Federal Deposit Insurance Corporation $26.5 million and turn over to the agency a $23 million executive-indemnity fund established by Silverado before it was seized by the government three years ago. For Neil Bush, 36, an outside director of Silverado from 1985 to 1988, the development marks the latest setback in his ill-starred business career. Last April, in a separate action, the Office of Thrift Supervision formally reprimanded him for engaging in "unsafe" and "unsound" practices involving conflicts of interest...
...word went around Buffalo that government representatives were booking local hotel rooms while Goldome honchos were emptying their offices, Washington made it official: the Federal Deposit Insurance Corporation was seizing Goldome in the biggest bailout of a savings bank in U.S. history. The spoils will go to Buffalo's First Empire State and Albany's KeyCorp, which sought the smallest amount of federal aid; the two offered a plan that could cut costs by canning workers. But Goldome's rescue may still cost U.S. taxpayers up to $1 billion...
...When Coach Cleary offered me the job nine years ago, I had already rented an apartment and put down a deposit, which I lost by leaving for Boston," Tomassoni adds. "It was a good investment...
Ryan's action was the mildest penalty that could have been meted out. But Bush still faces potential trouble. The Federal Deposit Insurance Corporation has brought a $200 million gross-negligence suit against him and other former Silverado officials...