Word: loan
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Dates: during 1970-1979
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Hayes' differing interpretation of what Billy had done only further muddied an already murky situation. Since last fall, federal investigators have been examining the Carters' business records and the N.B.G.'s loan accounts to see if any illegal activity was involved in handling loans of more than $4.6 million to the Carter business. The loans were arranged by then N.B.G. President Bert Lance, the close friend whom Jimmy Carter later made Director of the Office of Management and Budget in Washington. One question was whether any of the funds had been used illegally in Jimmy Carter...
...eleven months in 1975 and 1976, Hayes worked for a collateral-monitoring firm that checked on the supply of peanuts held in the Carter warehouse. The peanuts served as collateral for the bank loans. As the peanuts were shipped out of the warehouse, Hayes was supposed to make sure that fixed portions of the loan were paid back to N.B.G...
...addition, the Post quoted Hayes as saying that Carter had concealed a $500,000 deficit in payments on the N.B.G. loan...
...Sharpeville, the black liberation movement in South Africa went underground and the attitude of the black majority turned decisively towards armed struggle against the white minority government. At the same time, a group of U.S. banks, corporations, and powerful businessmen like Charles W. Engelhard bailed out Pretoria with a loan of about $40 million and the tacit U.S. support that went with...
...SCEOC is also empowered to pay outstanding bills, loan space heaters, or help out people who are under financial hardship because they chose to pay their heating or utility bills...