Word: downtowner
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Dates: during 1980-1989
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STEVE AND I set off for downtown Harvard Square in the middle of Friday afternoon rush hour. We positioned ourselves in front of the mailboxes outside the Coop, and asked random passersby: "excuse me, would you like to use the mailbox...
Reeling from bad loans and famished for new capital, Unitedbank was a prime candidate for closure. Still, when an army of FDIC liquidators marched without warning into the bank's headquarters in a downtown skyscraper, the staff of 100 were traumatized. Secretaries wept as the intruders posted notices on the inlaid-glass walls, changed the door locks and dismantled automatic-teller machines. "We kept hearing the rumors, but nobody thought that this time it would be us," sighed Teller Erica Joiner, 30, who watched as armed guards took up positions in the lobby and federal officials affixed blue seals...
Last Wednesday 150 FDIC liquidators began gathering in Houston. To avoid | detection that could lead to a run on the bank, they slipped into a downtown hotel under the cover identity of "Gulf Coast Tours." At 3:12 the next afternoon, minutes after the end of the banking day, they started streaming into the classy marble headquarters and three downtown branches. After assembling the headquarters employees in a basement lobby, Liquidation Specialist Timothy Putnam told them, "As of now, you're on the payroll of the FDIC. You'll get overtime tonight. Balance your windows. Finish your processing. Dinner...
...arraignment took just 15 minutes, and then the defendant ducked out of the downtown Manhattan courthouse and sped away in a black luxury limousine. Former Arbitrager Ivan Boesky, looking gaunt and subdued, pleaded guilty before a federal judge to one count of violating federal securities laws. Boesky, 50, who is the leading man in Wall Street's biggest stock-market scandal, remains free until his sentencing in August. The Detroit-born son of a delicatessen owner, who amassed an estimated fortune of $200 million through his dealings, and who still lives on a 200-acre New Castle, N.Y., estate, faces...
...barely 8 on a Saturday morning, one of the two weekend days each month that Cubans are required to show up for work. The downtown Havana bus stop was already crowded. A foreign visitor buying a newspaper at a nearby stand offered a dollar bill to the vendor, a wizened and near blind old man. He eagerly accepted it and carefully counted the change in Cuban centavos. Moments later, a policeman, obviously summoned by the crowd, was glaring sternly at the vendor. Dollar transactions are not allowed in Cuba, an onlooker explained. The old man ruefully handed the greenback...