Word: isaac
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...instead of throwing things at the viewer, the television screen sucked the viewer into itself--not just between the tubes and circuitry, but right into the storyline? Imagine sitting down on a rainy Saturday night in front of The Love Boat and suddenly finding yourself on board, asking Isaac to fix you a frozen margarita...
...part of one plan being discussed last week, the Federal Deposit Insurance Corporation would accept most of Continental's bad loans, estimated at $4 billion, in return for an estimated 80% stake in the bank. FDIC Chairman William Isaac would then dismiss Taylor and other top officials and install new bank management. In addition, observers say, the FDIC would substantially reduce the bank's $34 billion in assets by selling some holdings. The regulators may spin off the Chicago institution's weakest units into another bank, already dubbed "Trashco" by Continental employees, which could then be declared...
...opposite position is being taken by William Isaac, chairman of the Federal Deposit Insurance Corp., which was a major participant in the Continental bailout. He argued that the bank's problems proved that still more banking restrictions should be lifted. Said he: "To me, this episode is evidence that we must proceed with deregulation." Isaac blamed the bank's troubles partly on a web of entangling state and federal laws. Continental is unable to open offices to seek consumer deposits outside Chicago, for example, because Illinois statutes prohibit branch banking. That has helped make Charts Continental dependent...
...everywhere. Cajun zydeco and cool blues vie with big bands and hot jazz. There are marching bands and washboard scratchers, as well as beer hall oom-pah-pah and big-name oomph. Concert performers will run the scale from Willie Nelson and Linda Ronstadt to Itzhak Perlman and Isaac Stern. Naturally, Al Hirt and Pete Fountain will also drop by to blow a few notes on behalf of the local talent...
Preparations for the federal bailout, the swiftest and most complete on record, began shortly after rumors started circulating about Continental on May 10. Details were hashed out in meetings and phone calls between Federal Reserve Chairman Paul Volcker, FDIC Chairman William Isaac and Comptroller of the Currency C. Todd Conover. "This is a very historic thing," said one New York banker. "This is the first time the Fed has been party to any kind of statement that 'nobody is going to lose...