Word: lenders
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Green Tree represents the rapier edge of a red-hot specialty: the business of making loans to people with damaged credit at interest rates that start at high and extend to very high and nosebleed. Depending on where you sit--whether you are the lender or the borrower--this is either an industry filling an underserved market, or legal usury. Often known as sub-prime finance, the sector is taking off in part because of sophisticated software that allows even onetime deadbeats to get loans approved in minutes over the phone or as they sit in the offices of mortgage...
...than-expected sentence because of his illness, U.S. District Judge George Howard had much less sympathy for Susan McDougal. Howard sentenced the former Clinton business partner to two years in jail for misusing a $300,000 loan obtained in the name of her Master Marketing advertising company from a lender backed by the Small Business Administration. "The judge was obviously more sympathetic to Tucker than to Susan McDougal, which seems a bit unusual," says TIME's Jef McAllister. "One would think that a sitting governor would act with more malice aforethought than Susan McDougal." McDougal was also ordered to repay...
...funds' lawyer, Michael Manning, that there were "wild swings" in Symington's declarations of net worth, depending on whether he was trying to procure a loan or escape repaying it. At one point in 1991, according to the indictment, Symington listed his net worth at $4 million for one lender; six weeks later, he told another lender he was $4.1 million in debt. Symington's lawyer, John Dowd, calls these "unintended errors and omissions.'' To confuse the issue, Symington's wife Ann Olin Pritzlaff Symington has her own inherited wealth. "When it was convenient, they called it Ann's separate...
Manning suggested that Symington ran for office because he was going broke. A novel promissory note signed in 1992 between Symington and Phoenix lender Jerome Hirsch drastically scaled down the money owed if Symington were to be President when the loan came due. The indictment's count of attempted extortion charges that in trying to soften repayment terms on the $10 million union loan, Symington as Governor threatened to cancel a lucrative Arizona State University lease...
...merciless about his owner's many failings. From its debut in 1989, the cartoon featured some of what Adams calls "cubicle culture": a natural subject, since he himself occupied Cubicle 4S700R as an applications engineer at Pacific Bell. (He has also been a computer programmer and a commercial lender and was robbed twice at gunpoint during a stint as a bank teller.) But the absurdities of Dilbert's workday shared space with his hopeless dating life and Dogbert's periodic attempts to conquer the world...