Word: loan
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Dates: during 1970-1979
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...private competitor. According to the mayor, the proposed sale called for the private company to pay the city about one third of the electric system's real value, and to spread payments over a 30-year period without interest. Kucinich refused, and Cleveland Trust declined to roll over the loan. As a result of what he calls "a strike by capital," the city went into default...
...Harvard treasurer's office regularly asks banks if they have altered their loan practices, Sigular said...
WASHINGTON--The Carter Administration yesterday urged Congress to approve $1.5 billion in loan guarantees for the financially troubled Chrysler Corporation...
Analysts believe that Chrysler would be forced into bankruptcy without larger loan guarantees. Treasury Secretary G. William Miller said yesterday. Chrysler is the nation's third largest automobile manufacturer...
Although they disagree philosophically with the notion of direct government intervention in private enterprise, administration officials decided to go ahead with the loan plan--the largest ever for a U.S. corporation--because of the seriousness of Chrysler's predicament, Miller said...