Word: fiascos
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McLaughlin said the entire fiasco would never have occurred if Army--a Division I team--had lived up to its verbal agreement to play Harvard this year...
Finally, the FDIC's move may have a measurable impact on bank management in the future. While shareholders--and depositors--may soon forget the Continental Illinois fiasco, directors will probably adopt more conservative lending and management policies. The real threat of the collapse of one of the country's largest banks is, in itself, a significant and continual warning. The possibility of being held responsible for such a failure should make directors more active in bank management and more responsible for their actions both to shareholders and to depositors...
Last week's report is only the beginning of the investigations of the bank- stock fiasco. Tunik accused no individuals by name, but called on the Knesset to appoint a full-scale commission to delve deeper into the financial disaster. Ha'aretz, a prominent Tel Aviv daily newspaper, demanded a probe "to determine who is responsible and to recommend steps to be taken against them...
...President's attempt to negotiate with Libyan Leader Muammar Gaddafi for the withdrawal of Libyan troops from Chad led to a fiasco that has hurt Mitterrand's credibility in the one field where his competence had gone virtually unquestioned. After the French withdrew 3,000 paratroopers from Chad between last September and November, Mitterrand discovered that, contrary to the agreement with Gaddafi, a substantial number of Libyan troops remained. A chagrined President was forced to fly to Crete to confront Gaddafi, a move that was denounced by former Premier Maurice Couve de Murville as "the greatest humiliation that...
...Paris, Mitterrand's government was trying to cope with the outraged domestic reaction to the Chad fiasco. Said former Prime Minister Maurice Couve de Murville: "France has suffered one of its most serious humiliations in a long time." Writing in Liberation, a leftist newspaper, the respected commentator Serge July observed: "The worst in this kind of affair is that everyone expects Mitterrand to be duped, and in the end he is duped. You can't believe your eyes. One asks oneself if there is not something suicidal in Mitterrand's behavior." The barrage of criticism did little...