Word: lend
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Among other things, the legislature had directed State Comptroller Arthur Levitt to invest $125 million from two state employees' pension funds in bonds is sued by the Municipal Assistance Corporation (Big Mac). In addition, the state was to try to borrow $750 million and then promptly lend it to Big Mac (TIME, Sept...
...last minute, however, Carey and Levitt devised another temporary fix, by legerdemain. Although Levitt would not buy MAC bonds, he did agree to buy $250 million worth of the otherwise unsalable state notes, thus providing the state with money to lend to the city. In addition, Levitt said he might "conceivably" buy another $250 million worth of state notes, if they could not be sold to anyone else. That should enable the city to get through October and probably November...
...someone write an introduction to one of her books that strokes away your jitters; it says Giovanni "curses with a style and sense of the genteel, a freedom and control in an admirable balance that is impossible to imitate." Occasionally, she has quoted jingles in her essays that lend themselves to a certain style, like "Nothing black but a Cadillac," after which she added politely, "Niggers ought to be buried in Cadillacs because that's what's killing us." Gentility. GM, Lord & Taylor, Philco "new color" TV...but isn't that what she meant when she admonished you for worshipping...
Such forecasts may sound Cassandra-like. The thrift institutions took in money at a record clip early this year and still have plenty to lend: they hold more than $405 billion in assets. Treasury borrowing in the fourth quarter is supposed to decline from the current quarter, though that is not certain. Nonetheless, the threat of continued disintermediation is pushing savings institutions into taking protective action. Already many are cutting back on mortgage commitments for the rest of this year; in the past few weeks several have raised mortgage Interest rates by about a quarter of a percent...
...more of their capital in New York City bonds and other obligations and thus would be in serious trouble if a default caused the value of those securities to plunge. The banks would probably not be wiped out: Federal Reserve Chairman Arthur Burns has pledged that the Fed will lend generously to any bank threatened by a New York default. The banks nonetheless might have to stop making new loans and call some of their old ones, while trying to rebuild their capital, thus hurting businessmen and consumers in states as far away from New York as Missouri, Texas, Arkansas...