Word: finanzbau
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Dates: during 1960-1969
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...most damaging blow was an accusation last January, printed in the news magazine Der Spiegel, that Strauss had profited from a get-rich-quick construction outfit named Fibag (for Finanzbau A.G.), which hoped to parlay $125,000 into $22 million on contracts to build housing for U.S. military personnel. A special Bundestag commission cleared Strauss of any dishonesty, but questioned his prudence in having written letters supporting promoters of the scheme. In his time of troubles. Christian Democratic Party leaders, who have little affection for the burly, baroque Bavarian, were notably restrained in backing him. "I've worked...
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