Word: lend
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Dates: during 1970-1979
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State Rep. Barney H. Frank '62, Boston's other liberal leader who endorsed Timilty, said last night that the liberals' failure to lend Timilty their full support was "not helpful...
...crack down on such borrowing, the Fed this month began requiring that banks in the U.S., including U.S. branches of foreign banks, keep 8% of their new borrowings from the Eurodollar market in reserve; thus they can lend out only 92½ of each new Eurodollar. But U.S. corporations have already found a way to avoid the regulations. They can borrow Eurodollars from a foreign bank at about 1% lower rates...
Private bankers warn that attempts to regulate will fail. If Eurocurrency lending is regulated in London or Luxembourg, they say, it will only sail away to Singapore or Bahrain, where no controls are likely to be imposed. If the Federal Reserve restricts U.S. bank branches, borrowers will simply shift their Eurodollar business to foreign branches. Bankers also insist that these markets will be needed to lend the developing countries the $50 billion they will need over the next year to pay their oil and industrialization bills...
...outsiders. And, as Canizaro remarks, "for many years New Orleans was not pro-Italian." He put a $5,000 deposit on a downtown plot, then tried to borrow more to buy it. "There was enough income coming in from the property to service the debt if only somebody would lend me the money." The Establishment would not. Finally, he found a small bank to make the loan, and he started prospering. Canizaro...
...physics. Had you glanced to your right some ten yards back, you would have been looking into the anteroom of the office of one of the others, Professor Steven Weinberg. His office is much like what you'd expect from a university big wig--carpeting, bound journals and paneling lend it an aura of the esoteric altogether absent in his neighbor...