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...kind of separation that has ruled in the U.S. since Senator Carter Glass and Representative Henry Steagall bonded in 1933 to draft the defining financial legislation of the 20th century. Born in tough times, Glass-Steagall expanded the powers of the Fed in controlling credit. It established the Federal Deposit Insurance Corporation, which insured bank deposits. Most important, the act required banks to choose between being a simple lender (a bank) or an underwriter (a brokerage...

Author: /time Magazine | Title: Bank On Change | 11/8/1999 | See Source »

...Suddenly the psycho-esque beeping of an oncoming truck increased, and the last truck of the day pulled into make its final deposit. He pushed a button and the back of his truck went up with a swoosh. Tilting back, the truck purged its contents of splintered wood, three legged metal grade school desks, tattered sofa cushions and a myriad of dark tied trash bags. Returning itself to its normal position, the truck pulled away and the few remaining men began to disperse back out into the parking lot where their own pick up trucks awaited them...

Author: By Ariel B. Osceola, | Title: Fifteen Minutes: Down in the Dump | 11/4/1999 | See Source »

...They alleged that she and one of her company's vice presidents, Michael Graham, obstructed bank regulators who were investigating a fraudulent scheme that left First National insolvent and forced bank regulators to take it over on Sept. 1. The bank's losses are expected to cost the Federal Deposit Insurance Corporation some $800 million--the largest loss since the savings-and-loan crisis of the early 1990s...

Author: /time Magazine | Title: Poor Town, Rich Bank | 11/1/1999 | See Source »

...Giving the gift of life: FM makes a deposit at a local sperm bank...

Author: By FM Staff, | Title: Fifteen Minutes: Give It To Me!: FM Opens the Bedroom Door | 10/28/1999 | See Source »

...every party: beer. The easiest way to keep the beer flowing is by pumping the keg and the easiest way to get a keg is by calling everyone's favorite corner store, Louie's Superette (26 Surrey St., next to Mather, 876-6856; keg of BudLight $70 plus $10 deposit...

Author: NO WRITER ATTRIBUTED | Title: Beer, Beer, and More Beer: A Drinker's Guide to the Suds | 10/21/1999 | See Source »

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