Word: lents
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Dates: during 1980-1989
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Other Loans. Four other men who helped Meese out of financial difficulties also wound up with federal positions. They were John McKean, who lent Meese a total of $60,000 in two loans in June and December 1981, and became a member of the Postal Service board of governors on July 31, 1981; Thomas Barrack, who spent $70,000 of his own money to help Meese find a buyer for his California house in the summer of 1982 and became Deputy Under Secretary of the Interior in December 1982; Gordon Luce, chairman of Great American Federal Savings Bank...
...John McKean, a California accountant, who lent $60,000 to Meese in 1981 and demanded no interest payments for more than 20 months. McKean was appointed a part-time member of the Postal Service board of governors on July 31, 1981, and is now the board's chairman...
...Thomas Barrack, a California real estate developer, who found a buyer for Meese's California house in the summer of 1982, lent $70,000 to a prospective purchaser and then forgave the loan. Barrack was appointed Deputy Under Secretary of the Interior in December...
...purchasers were Santa Ynez Contractor Irv Howard, who made a down payment of $70,000, and the Great American Federal Savings Bank in San Diego, which had, at Barrack's behest, arranged a $240,000 mortgage for Howard at a favorable 11% interest rate. (Great American had already lent $423,000 to Meese at the time.) But last week Barrack testified that he had actually lent $70,000 to Ted Elkin, a former employee and a Bulgarian refugee, who immediately took over the property in partnership with Howard's son. Elkin and the younger Howard ended up selling...
...that's three thousand) person torchlight parade and day-long blockade of University Hall, not only did the Corporation agree that South Africa as an institutionally racist state was a unique light on the face of the world, but it agreed to divest from all banks that lent for any reason to the South African government or any of its public corporations. The Corporation agreed to demand that all the corporations it invested in obeyed the Sullivan Principles, a series of basic humane guidelines for operations in South Africa. The Harvard Corporation agreed to support shareholder resolutions demanding that corporations...