Word: loan
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Dates: during 1970-1979
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Savings inflows at the nation's 5,000 federally regulated savings and loan associations dropped to $1.5 billion in July, down from $2.8 billion a year ago. The state-chartered mutual savings banks have lost more than $2 billion in deposits since January, $725 million just in July...
...whether the Federal Government should help the ailing Chrysler Corp. in its financial troubles. Insisted an insurance man in the town of Washington: "They should have the same right to go broke as I do." Nevertheless, the vote there was 18 to 10 in favor of a federal loan guarantee for Chrysler...
...best-known export has, of course, become as American as frozen pizza. As Maas has shown in The Valachi Papers and Serpico, Cosa Nostra reaches far below the imperial realms of The Godfather into virtually every working-class neighborhood where cash is short and the Mob's loan sharks cruise...
...receive aid in the form of either federal tax refunds or immediate relief from having to meet the costly safety, environment and mileage standards on new cars. Miller said the former idea would amount to an "interest-free, unsecured cash advance from taxpayers' funds." Instead, he recommended Government loan guarantees that will have to be approved by Congress and will "total considerably less than $1 billion...
Still, Congress seems to favor doing something for Chrysler, although $1 billion in tax refunds is distasteful to legislators who yearn to narrow the federal deficit. They may move instead for a loan guarantee. Senate Finance Committee Chairman Russell Long has pledged some aid for Chrysler. Says he: "It is better than letting the company fold. That would cost a lot of revenue and jobs." House Ways and Means Chairman Al Ullman is unenthusiastic but promises to expedite whatever bailout measures the Carter Administration proposes...