Word: loan
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Dates: during 1990-1999
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...came last Tuesday, one day after Citron resigned and CS First Boston demanded immediate repayment of a $1.2 billion loan that the treasurer had used to buy bonds. County supervisor Harriett Wieder awoke before dawn to the sound of a police officer pounding on her door and summoning her to an emergency briefing. By 11 a.m. California time, Orange County's troubles were the talk of regulators in Washington. At 5:30 p.m. the county filed for bankruptcy protection to prevent other creditors from calling their loans and selling the fund's bonds that they held as collateral...
...weapons now being built -- including most state-of-the-art F-15 and F-16 fighters, M-1 tanks and AH-64 helicopter gunships -- will be bound for foreign customers, not the Pentagon. The new policy being formulated by the Clinton Administration may include up to $1 billion in loan guarantees to finance more overseas sales. The Administration says such sales are not a domestic jobs program in disguise. "The basic reason for selling weapons overseas has been to advance our foreign policy goals," Pentagon spokesman Ken Bacon says. "It is not to create jobs in the U.S." Yet their...
Margolies-Mezvinsky, who cast the vote that saved Clinton's first budget from defeat in the House, said she knew her seat was "on loan...
Zeroing in on yet another Clinton associate, special Whitewater prosecutor Kenneth Starr has informed James McDougal -- who owned the collapsed Savings and Loan at the center of the investigation -- that he's likely to be indicted. The possibility of an indictment against McDougal surfaces the same week that former Associate Attorney General Webster Hubbell pleaded guilty to a pair of felonies in connection with Arkansas real-estate deal gone bad. McDougal has been down this road before: He was indicted four years back -- and later acquitted -- in the $65 million failure of Madison Guaranty Savings and Loan. The Clintons...
...deal with Whitewater federal prosecutors, an appraiser for a savings and loan institution owned by the Clintons' business partners pleaded guilty today to filing phony documents. Robert Palmer, who performed hundreds of appraisals for Madison Guaranty -- the failed thrift once controlled by one-time friends of the Clintons, Jim and Susan McDougal -- will cooperate with the investigation of the finances of the bank and the First Family. The McDougals were the Clintons' partners in the Ozarks Whitewater real estate venture. Under the plea agreement, Palmer -- who admitted to backdating appraisals not directly dealing with the Whitewater property for Madison Guaranty...