Word: friends
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Dates: during 1980-1989
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Texas Commerce was the first bank in the state to line up a long-distance partner. For its part, Chemical was eager for a presence in the Sunbelt. Quipped Texas Commerce Chairman Ben Love, a friend of Chemical Chairman Walter Shipley's for 20 years: "You could say the chemistry was right." Still, Texas Commerce has been hurt by bad loans to energy companies and real estate developers. Chemical plans to help Texas Commerce expand consumer lending, an area in which the New York bank has more expertise...
...same observation could be made about the achievements of Casey's friend and boss, Ronald Reagan. Like Reagan, Casey has put himself into a difficult bind about a scandal that occurred on his watch: even while denying his complicity, he is admitting to an appalling ignorance of what went on around...
...aides cloaked themselves in the Fifth Amendment, and new revelations poured forth, Reagan kept repeating that he wanted all the facts to emerge. Yet he did nothing on his own to break open the mysteries. Revealing an insouciance that is the dark side of his charm, he told a friend, "I watch every day like everybody else to find out what will come out. I'm as puzzled and interested as anybody...
...February and $15 million in May. Why Lake Resources? Says Furmark: "Mr. Khashoggi said Mr. Nir of the Israeli government told him that Lake Resources was the account the Americans had designated for payment." Of the $25 million, $15 million seems to have disappeared. Furmark went to his old friend Casey to ask what happened; Casey insisted to him that Lake Resources was not a CIA account. It appears, in fact, to be the account of a company that was incorporated in Panama (though all its directors live in Switzerland) in May 1985 and officially liquidated on Nov. 10 this...
Wright has no close associates in the House and prefers tending roses at his home in McLean, Va., to mixing on the cocktail circuit. Says his friend, Lobbyist Craig Raupe: "He's basically a shy man." Shy but, as with many Texas politicians, unabashedly ambitious. At 23 Wright was elected to the Texas state legislature; at 27 he became the youngest mayor in Texas. Ten years ago, Wright scored an upset in the race for House majority leader when, with some astute and quiet politicking, he beat the favorite by a single vote in an election few thought he should...