Word: inkly
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...immediately, no less than $3 billion in additional reserves to cover loan losses on its $133 billion portfolio, bringing its total reserves to $5 billion. The drastic move will give Citicorp a net loss of $2.5 billion in revenues in the second quarter of the year, its first red ink since 1934 and the second largest quarterly deficit in U.S. corporate history (the largest: AT&T's $4.8 billion in 1983). The bank will also show a $1 billion deficit for all of 1987. Said Reed: "We believe this step will significantly strengthen the institution...
...astonishingly, U.S. legislators have been helping keep the red ink flowing. Reason: Congress has withheld from the FSLIC the amounts of cash needed to pay off the depositors of the insolvent S and Ls and thus wind down the problem once and for all. Though the FSLIC has shut down, merged or taken over 108 institutions since the beginning of 1986, the agency has had to allow some of the sickliest thrifts to stay in business through the device of lenient accounting practices. Complains William Black, deputy director of the FSLIC: "We are the only shop that keeps insolvent institutions...
Johnny attempted a final pelvic thrust but fell to the ground, singing in tongues and bleeding India ink. He grabbed blindly at Betty Sue's blank ankle. "Once more on the printed page," he cried. "Write me, baby. Write...
...many blank pages, or pages with the same letter, or random words about random words, Philip Glass on paper, ink as an automatic act, meta-words, that refer back to their physical Existence as the orgasmic climactic union of ink and processed tree stump...
...only ripples in the calm waters of the Hart campaign are churned up by debris from his last campaign. Hart still owes creditors $1.3 million from 1984, and campaign laws allow him to separate this leftover red ink from his political coffers for 1988. But the lingering 1984 debt remains an annoying distraction. U.S. marshals made surprise raids on two Los Angeles-area Hart fund raisers last week, seizing the receipts on behalf of a small ad agency that is owed $165,900 from 1984. Hart's aides insist, with seeming validity, that 1988 campaign funds cannot be garnisheed...