Word: loan
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Dates: during 1960-1969
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...Murder & Loan Sharking. Behind the sudden concern was a 20-volume Brazilian government report that revealed the scope of the carnage, and even implicated Indian Service officials themselves. Working on their own or with local land speculators, officials were accused of systematically murdering or terrorizing Indians in order to force them off their land. Once a tribe vacated land, the property reverted to the government and could then be picked up cheaply. In only two years of service, the government claimed, former I.P.S. Director Luis Vinhas Neves (1964-66) committed 42 separate crimes against the Indians-including collusion in several...
Another former director, Moacir Ribeiro Coelho (1962-63), reportedly committed 41 crimes, ranging from embezzlement to loan-sharking with Indian Service funds. In Paraná state, Lauro de Souza Bueno and four of his relatives-all Indian Service employees-made a family affair of their corruption; according to the government, they embezzled Service funds and tortured and enslaved dozens of Indians. Vinhas, Ribeiro, the five Buenos and 52 other persons-more than half of them members of the Service-have been formally charged with crimes ranging from embezzlement and collusion in murder to slavery and misappropriation of Indian property...
Post Possibilities. Ackerman was called in by Curtis because it had been unable to meet its bank-loan payments in March. To get an extension of its $12,170,000 loan from its creditors, chiefly the First National Bank of Boston, Curtis had to agree to a change in management and a definite plan to revitalize the company. Ackerman, who had been closely following Curtis' troubles, offered both of these. In addition, he is lending the company $5,000,000 for operating expenses. As a result, the banks agreed to extend the Curtis loan, much of which will...
...acre community around a 27-hole golf course. Los Coyotes Country Club was quickly completed, but a five-month plasterers' strike left Jones with house after unfinished house he could not sell. After the strike was settled, Jones was unable to resume construction. The Federal Home Loan Bank Board cut him off from further funds by seizing control of his money supply, the Long Beach Federal Savings & Loan Association. The S & L was accused of "unsafe and unsound" practices-notably a $17 million loan on Bellehurst. Litigation dragged on endlessly amid accusations of inflated appraisals, dubious sales contracts...
...mortgages, the only kind in which it deals. Better known by its nickname, Fannie Mae, the association's chief purpose is to help level off the costly peaks and valleys in U.S. housebuilding volume. It does so by buying mortgages in large quantity when home loans are scarce, selling part of its $9.6 billion portfolio when funds are plentiful. Fannie Mae deals only with such approved lenders as banks, mortgage and insurance companies, and savings and loan associations. By buying their mortgage loans, it replenishes their investment capital. The transactions are generally handled by mail through Fannie...