Word: encino
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...spectacle of the two moral defectives of the schoolyard jumping up and down on the social contract is evidence that America is not entirely a society of grownups. A drama in Encino, Calif.: a lawyer named Kenneth Shild built a basketball court in his yard, 60 feet from the bedroom window of a neighbor, Michael Rubin, also a lawyer. The bouncing of the basketball produced a "percussion noise that was highly annoying," according to Rubin, who asked Shild and his son to stop playing. Shild refused, and Rubin, knowing that his rights allowed him to take action to stop...
...regulators discovered recently that such loans had enabled B.C.C.I. to buy clandestine control in three American banks: First American Bankshares in Washington, National Bank of Georgia (later purchased by First American) and Independence Bank of Encino, Calif. The latter two were bought officially by Abedi's front man, Ghaith Pharaon, the putative Saudi tycoon who received an ) estimated $500 million in B.C.C.I. loans in the 1970s and '80s. Those loans were secured only by shares of stock in the companies Pharaon purchased, which meant that they were never to be repaid...
...that wealthy Saudi businessman Ghaith Pharaon, who purchased the troubled National Bank of Georgia from President Carter's friend and onetime budget chief Bert Lance and later sold it to First American, has been a front man for Abedi. Banking regulators are probing another Pharaon holding -- Independence Bank in Encino, Calif. -- to see if Abedi or B.C.C.I. is the secret owner of that bank. And a federal grand jury in Miami is tracking Pharaon's and B.C.C.I.'s links to fraud-riddled CenTrust Savings, which thrift regulators took over last year...
Legal fees are probably Milken's biggest regular expense right now. For a tycoon, he lives a relatively modest life with his wife Lori and three children in a five-bedroom house in the Los Angeles suburb of Encino. When Milken was the most powerful financier in America, a bodyguard drove him to his office by 4:30 a.m. in a limousine. But those days are behind him. Under terms of the settlement, the Government has permanently barred Milken from the securities business. Yet if Milken ever does run a little low, he could always call on his brother Lowell...
Even so, the double coincidence of names has unnerved shareholders of the Encino bank, so John Keating will probably change its name to avoid any more confusion. He jokes that he may also rechristen himself Fielding Mellish, the name of the goofy dictator in Woody Allen's 1971 movie Bananas...