Word: loan
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...failed to indict the lending institutions for taking their "pound of flesh" from the already harassed home buyer. The questionable fees charged for making the loan and the "tribute" the seller must pay in points charged against him when a buyer seeks an FHA loan are tantamount to fiscal blackmail...
Friends fell away. Some were killed in action; others, like Major General Nguyen Ngoc Loan, the fearless, ruthless, but highly effective National Police chief, were wounded in street fighting in Saigon. Two weeks ago, a malfunctioning rocket fired from a U.S. helicopter gunship smashed into a forward command post and in one shattering blow wiped out virtually the whole top level of Saigon's city administration, including four of Ky's most powerful backers. But by far the greatest damage was caused by President Thieu's gradual consolidation of power: without consultation, he fired Premier Nguyen...
With three key national currencies in varying degrees of difficulty, some fancy financial footwork has been necessary. To fortify the franc, France earlier this month was forced to draw $745 million from the International Monetary Fund, the country's first such loan since 1958. The next day Britain followed suit by tapping the IMF for credits totaling $1.4 billion...
...total reserves still remain fixed at $21.1 billion, a growing share of that is held in dollars, pounds and francs-the very currencies that creditor countries have been shunning. It thus would have made little sense for the IMF to try to defend the franc by making its loan to Paris largely in dollars or sterling. Instead, it put together a potpourri of currencies ranging from Danish kroner and Irish pounds to South African rands and Mexican pesos...
...further bolstered the franc with a request for an additional $140 million drawing from the IMF. Britain is headed for an expected deficit of at least $500 million in 1968, but expects to show a substantial surplus in 1969. It is now trying to arrange a longer-term loan to go along with the three-year credit it received from the IMF. Such a loan, which will probably be financed by a group of individual countries, is necessary to stem the continuing flight from sterling that, if allowed to go unchecked, could increase pressure for yet another devaluation...