Word: deposits
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...deposit that's killing the working poor," says Mary Lee, an attorney with the Western Center on Law and Poverty. "You're talking about $1,200 even in the cheapest neighborhoods." The waiting list for public housing approaches 17,000, according to Leila Gonzalez-Correa, executive director of the Los Angeles housing authority, and the monthly turnover is only about...
After the bailout of Mexico, the next major challenge for Volcker came in the summer of 1984, when Continental Illinois, once the seventh largest bank in the U.S., suffered a relentless run on its deposits after word got out about its immense pile of bad loans. To stave off a crisis, Volcker helped assemble a package of $4.5 billion in fresh commercial-bank loans for Continental. "This is a very historic thing," remarked a New York City banker. "This is the first time the Fed has been party to any kind of statement that 'nobody is going to lose.' " While...
Because Marla Hanson demanded from her landlord the return of a security deposit on her rented apartment and resisted his advances, he dispatched two men last June to slash her face with a razor. The instantly notorious New York City attack left Hanson with visible scars, but the 25-year-old model says the courtroom assault that followed was worse. At one of the resultant trials, a defense attorney claimed, without producing evidence, that she was helping prosecutors frame the two slashers because they were black. He alleged that she was sexually voracious and "preyed on men." He even confronted...
...Model Marla Hanson, 25, last June at the behest of her former landlord, Makeup Artist Steven Roth, 28, who was convicted of assault last December; in New York City. Roth, upset by Hanson's refusal to date him and by her demand that he return her $850 apartment deposit, had promised Bowman and Norman an apartment as payment for their crime. All three men face up to 15 years in prison...
...years to FSLIC capitalization. But there has been strong opposition from the thrift industry itself, mostly from the healthiest 60% of the institutions. Reason: the cash infusion would eventually have to be paid back by the thrifts, which are already paying about $3.5 billion a year to replenish the deposit guarantee fund. Says a spokesman for the U.S. League of Savings Institutions, a powerful industry lobbying group: "All we're asking for is a plan that doesn't overtax the industry...