Word: depositing
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Dates: during 1980-1989
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...addition to this swift and direct intervention, confidence was maintained by the existence of safety nets and regulatory bodies created during the 1930s, including federal deposit insurance, Social Security and unemployment compensation. There was not a murmur of concern about the banking system since the public assumed, correctly, that the Government was the lender of last resort...
...price that the taxpayers will pay for too rapid financial deregulation and laxness in oversight is murky at this time, but, in the long run, will be staggering. Bank bailouts may well cost the taxpayers billions of dollars. Even though the Federal Deposit Insurance Corporation has a fund of about $15 billion to deal with banks in difficulty, this is not likely to be adequate to deal with the amount of trouble that could arise as a result of a serious recession and Third World-debt defaults. American banks have an exposure of close to $100 billion to Third World...
...students the rest of their lives to repay their college loans; another would require employers to buy health insurance for 22 million workers who have none. Bush, too, has seen the need to cater to the middle class. Last week he announced a plan that would allow savers to deposit $1,000 a year in accounts that would pay tax-deferred interest. Dukakis responded by waving a crumpled $20 bill to represent the amount an average family could benefit in one year...
...played by the well-connected. Faced with the market's volatility in the past year, intensified by program trading, these investors fear getting caught up in avalanches beyond their control. At the same time, rising interest rates are attracting them to secure, fixed-income investments, typically bank certificates of deposit and Treasury bonds. The small-timers' absence from the stock market is dampening the averages and reducing business for brokerage houses. To win them back, both the markets and the brokerage industry have launched campaigns to reassure investors that Wall Street is solid and equitable...
...high ideals. "I have never given a red cent to a panhandler, and I never will," declares Businessman Wade Lewis, 47, of Greenville, N.C. "I won't give anybody anything, but I will help somebody go through a trash can to pull out cans and claim the nickel deposit. People need to know that they have to work to get what they need...