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Already indicted were seven full-time FHA employees, two part-time FHA employees, eight real estate firms and ten lawyers. Shockingly, the indictments also named Dun & Bradstreet, long the ultimate arbiter of the credit status of businesses and individuals, and one of the firm's executives. The main lender indicted was Eastern Service Corp., owned by Harry Bernstein and his wife Rose, one of the biggest and until now among the most respected mortgage dealers on Long Island...

Author: /time Magazine | Title: HOUSING: Ghetto Shakedown | 4/10/1972 | See Source »

...buyer would be urged to inflate his own income in his application to the FHA, which is supposed to determine whether a purchaser can really afford the housing. He would sometimes do this by listing a job he did not really hold. The indictments claim that in some cases Dun & Bradstreet would verify this baseless credit rating. FHA would agree to stand behind the mortgage, and Eastern Service would lend the buyer the money. The buyer would then often discover that the house was badly in need of repair, or that the mortgage payments were higher than he expected...

Author: /time Magazine | Title: HOUSING: Ghetto Shakedown | 4/10/1972 | See Source »

...with an "old boy" attitude: "If you don't really hit my important bases, I won't bomb yours." Behind all this, of course, is the fact that many Indian and Pakistani officers, including the two countries' commanding generals, went to school with one another at Sandhurst or Dehra Dun. India's commanding general in the east, Lieut. General Jagjit Singh Aurora, was a classmate of Pakistan's President Yahya. "We went to school together to learn how best to kill each other," said one Indian officer...

Author: /time Magazine | Title: The World: Bangladesh: Out of War, a Nation Is Born | 12/20/1971 | See Source »

...rolling Texas, oil-rich and cattle-fat, iridescent with electronic gadgetry. This is the Texas of the Hunts and the Murchison brothers and Neiman-Marcus, and multimillion-dollar transactions conducted in private jets that whisper swiftly through the silvery prairie night. Then there is the hardscrabble Texas, dusty and dun, which fans out westward from Fort Worth to towns like Dilley and Draw and Del Rio, where the good ole boys gather round gas-station coolers to drink RC Colas and tell lazy lies. It is a sullen land, worked by silent, leathery men and their resilient women...

Author: /time Magazine | Title: State Fair: She Crawls on Her Belly Like a Reptile | 11/1/1971 | See Source »

...Dun Gifford '60, a former aide to Sen. Edward M. Kennedy '54, also appeared before the grand jury. Gifford answered questions concerning his name, occupation and place of residence, but refused to answer when asked if he knew Susan Sheehan, who writes for the New Yorker: her husband. Neil Sheehan, a reporter for the New York Times who wrote articles for that paper about the Pentagon Papers: and Daniel Ellsberg '52, who has admitted giving the Pentagon study to the press...

Author: By Jeremy S. Bluhm, | Title: Falk Faces Prison For Jury Contempt | 10/29/1971 | See Source »

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