Word: federales
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Dates: during 1980-1989
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At the Friermood lodge, the critical moment comes when federal agents converge on a confused Blaien Friermood as he turns his truck into the driveway. While one agent tells the lodge owner that he is to be arrested, another casually positions herself between Friermood and the hunters so that no...
American Savings (assets: $30 billion), which was once the largest thrift in the U.S., had got into the same trouble as many other go-go S & Ls. During the early 1980s its maverick chairman, Charles Knapp, furiously pumped up the company's growth with brokered deposits and high-risk loans...
The total amount of cash that the Federal Savings and Loan Insurance Corporation will pump into the thrift to make it lucrative for the new owners is estimated at $1.7 billion to $2.5 billion. The arrangement clearly adds up to a sure-thing profit for Bass. American Savings will be...
Capitol Hill Democrats quickly estimated that the Bush budget calls for $20 billion in spending reductions but identifies just $10 billion in specific cuts -- such as the slash envisioned for federal workers' cost of living increases. The remaining $10 billion in reductions disappear into what Senate Budget Committee chairman James...
Last week President Bush came forward with a long-awaited bailout plan in which he sought to spread around the unhappiness in an evenhanded way. Said Bush: "Nothing is without pain when you come to solve a problem of this magnitude." His program will require taxpayers and S & Ls to...