Word: depositer
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...federal forebodings proved prescient: Madison did fail, and was taken over by federal regulators on March 2, 1989. A few days before, Vincent Foster, then a partner in Rose Law Firm, wrote to the Federal Deposit Insurance Corporation, which had temporarily taken responsibility for dealing with failed thrifts, seeking a contract for Rose to represent the regulators. Rose in fact got the business, and Webster Hubbell, a partner who has since become Associated U.S. Attorney General, brought a $6 million suit on behalf of the regulators against Madison's accountants; he settled for $1 million...
...Lanston & Co., predicted that the prime rate, which banks charge large corporate customers, could climb a percentage point, to 7%. He added that a surge in short-term rates could jolt the stock and bond markets and send small investors scurrying back to dull but safer certificates of deposit...
Compounding the risk is the fact that many refugees from 3% CDs may have - bought their funds on the false assumption that these higher-yielding investments are also covered by federal deposit insurance. "Small bank savers may think that since banks are selling them, they're as safe as CDs," says John Haslem, a University of Maryland finance professor. They...
With rates on certificates of deposit dropping to their lowest levels ever and stocks at near record highs, IPOs look irresistible. They tend to outperform the market, at least in the beginning. The payback on this year's IPOs has hovered around 30%, compared with 5.3% for the Standard & Poor's index of 500 stocks. IPOs also give investors an opportunity to get in on the ground floor of what might be the next Apple Computer or Microsoft. But for every Microsoft, there are five flops, like MathSoft. And that's what makes market watchers nervous...
...work at least six months, twice the level of the 1970s. Even low interest rates have a downside: they not only hurt retirees and others living on investment income, but they also encourage millions of Americans to shift out of federally insured bank accounts and certificates of deposit into potentially more lucrative -- and certainly more volatile -- equities and mutual funds. The long predicted -- and long postponed -- stock market correction could hit personal savings hard...