Word: germains
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...committee found that during May 1980 more than 60% of the commercial loans granted by large New York banks were made at rates below the prime, then 17%. The average rate charged: less than 13%. Chairman Fernand J. St Germain maintains that the posted prime rate has now become an excuse for banks to jack up interest rates...
Even before the St Germain report, small businessmen across the U.S. were skeptical that the prime was really the best rate available. Snaps Robert Laughlin, a Portland, Ore., food-equipment distributor: "The prostituted prime is nothing but greediness on the part of large banks." Attorney Jackie Kleiner has filed suit against the First National Bank of Atlanta, alleging that it uses an artificial prime to discriminate among borrowers. Says Kleiner: "The prime rate is supposed to be the bank's cost of obtaining money, plus a small profit. But it turns out that the profits are obscene...
...OPPOSITE SIDE of the human spectrum from Manon hulks her retarded uncle, Guy (Germain Houde), a hideous brute of a man. He lives with Manon and Michelle, provides unwilling manual labor (the family sells firewood for a living), and is slobbering drunk most of the time. Guy's room exemplifies, in miniature, the unobtrusive excellence of the film: decorated with Playboy pin-up posters, invariably the squalid cubicle provides graphic regurgitative evidence of excessive drinking the previous night and hosts a snoring half-dressed lout who obviously never has come within 75 feet of a naked woman. Houde plays...
...Their ammunition is the croissant, the flaky, crescent-shaped roll that is as dear to French palates as scones to the Scots or Mom's apple pie to Americans. Gourmands are lining up for McCroissants at American-patterned restaurants rapides from sleazy St. Denis to the Boulevard St. Germain...
Some of the sharpest criticism during last week's hearings was directed not at the Hunts but at Chairman Volcker. What was the man who was supposedly stopping speculation doing in a rescue operation to save the Hunts? Rhode Island Congressman Fernand St Germain complained that the Federal Reserve's role in the wings of the Hunts' search for bailout loans showed that when big speculators lose millions, "telephone calls come to Paul Volcker for a quick fix." This week St Germain and Senator William Proxmire plan to introduce new tough legislation that will change the rules...