Word: lents
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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...
...prestige import beer, complete with foil wrapper. White Rock Products, which distributes Moussy (pronounced moose-y) in the U.S., expects to sell 650,000 cases this year. The company is now running a special advertising campaign in the Midwest aimed at churchgoers who have given up alcohol for Lent...
...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...