Word: firmed
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Dates: during 1960-1969
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...Haupt was on the hook to the exchanges. The firm desperately undertook to cover Tino's contracts, for which it was responsible. In all, it borrowed some $30 million from U.S. and British banks. But when the soybean market failed to rise, Haupt went under...
Hundreds of Haupt's customers crowded into its 15 offices, demanding the return of the stocks that were held on account in the brokerage firm. In many cases, their stocks were held in Haupt's name, and the bankers were legally entitled to take them in payment for loans made to Haupt. The New York Stock Exchange, fearful that the scandal would shake the public's trust in the market, put up $9.5 million to pay off Haupt's anxious customers. The New York Produce Exchange halted all trading in cottonseed oil. Tino's major...
...brokers: D. R. Comenzo Co., a firm that handled some of De Angelis' futures' trading, has been reorganized under the Bankruptcy Act, owes about $8,000,000 to various banks, is struggling to pay off. Hapless Ira Haupt faces claims of $38 million, has itself sued American Express for $52 million...
Despite the symptoms of instability, the U.S. remained as firm in its commitment as ever. Secretary of State Dean Rusk, questioned about the possibility of Russia and China joining forces in Viet Nam, issued a sober warning. "It would be a great mistake," said Rusk, "if the other side should think that they can have a larger war with impunity, and that a larger war on their side would remove us from Southeast Asia...
...very gratifying experience. I have gone through a process of reconciliation with myself. I had ulcers for perhaps 30 years and when they were operated on, I took an introspective look at myself. I don't like to be rough; it has even been difficult being firm with people. But I feel a very constructive part of being firm, I feel a constructive part of being rough. I feel a constructive part of letting my anger express itself...