Word: loan
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Dates: during 1950-1959
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...Mortgage loans at savings and loan associations rose $1.1 billion in June, the highest total since August...
Venezuela. Last week the government announced that it had negotiated a $289 million loan from a consortium of U.S., British and Canadian banks to put part of the burdensome $1.4 billion debt left by ousted Dictator Marcos Perez Jimenez on a businesslike basis...
...loan from Manhattan's Whitney Museum, 22 realistic paintings (among them: works by Edward Hopper, John Sloan, Maurice Sterne, Reginald Marsh Charles Sheeler) are on view in the ancient French Riviera château fortress of La Napoule. Sponsored by the La Napoul( Art Foundation-Henry Clews Memorial the show, titled "American Realism in the Twentieth Century," is aimed at bringing Europe "another page of American art history." Said one U.S. cultural attaché in France: "At last we have something to show Europeans besides abstract blotches and curlicues...
...experienced -Security National Bank had also been taken by Belle, to the tune of $475,000. And in McKeesport, Pa., the Peoples Union Bank & Trust Co. announced that it too had handed a Belle company $200,000 without security, filed suit against his sagging corporations for repayment of the loan principal plus 5½% penalty...
...great trick-and growing danger-of such a scheme is to keep the balloon expanding, paying off one loan with another. But when SEC moved in and started investigating, there was nothing to do but get out-quickly. A month ago Belle apparently started systematically looting the companies. As a sample of his thoroughness, he even tried to get the employees' pension funds of one of the companies, Troop Water Heater Co. Though the bank that held the funds in trust refused to go along, Belle got partial revenge. All but about $900 of the final week...