Word: loan
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Dates: during 1980-1989
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...mannered as talk hosts go, joined KING last November. He has railed against local police for laxity in the antidrug war and against Eastern Air Lines Chairman Frank Lorenzo (he joined a picket line during the current Eastern strike). Soon he hopes to stir passions over the savings and loan bailout. "I'm not a Pied Piper," he says, "but I do believe in what...
...Prime Minister clung to his job until a weekend news story reported that Ihei Aoki, his right-hand man, had received a 50 million-yen ($347,222) loan from the Recruit Co. two years ago that apparently found its way into the Takeshita campaign chest. The disclosure flatly contradicted the version of events that Takeshita had laid out before the Japanese Diet in early April. Two days after the Aoki story broke, Takeshita came to the conclusion that he could not keep his job; public disapproval was so strong that his government's popularity rating had plummeted to a mortifying...
...manages 8,000 repossessed properties in 21 states for the Government, estimates that the real estate might total $200 billion or more. The load of S & L properties is compounded by a growing stock of real estate that other Government agencies have taken over in recent years because of loan defaults. The Farmers Home Administration will have to dispose of 1.3 million acres of farmland, a territory roughly the size of Delaware. The Federal Housing Administration has about 70,000 homes on the market...
...Government's objective in liquidating such real estate will be to get nearly full market value, not only to reduce the eventual cost of the S & L bailout to taxpayers but also to avoid undercutting the going rates in the marketplace. Yet the Federal Savings and Loan Insurance Corporation, which currently holds most of the repossessed property and will be combined with the FDIC under the Bush plan, has seldom shown a talent for getting top dollar. In Guerneville, Calif., a small town north of San Francisco, the FSLIC took over a condominium project with more than 20 units...
BUSINESS: A huge hoard of real estate will burden the Government as it carries out the savings and loan bailout...