Word: loan
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Dates: during 1990-1999
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...Graham, obstructed bank regulators who were investigating a fraudulent scheme that left First National insolvent and forced bank regulators to take it over on Sept. 1. The bank's losses are expected to cost the Federal Deposit Insurance Corporation some $800 million--the largest loss since the savings-and-loan crisis of the early 1990s...
ARRESTED. GIANCARLO PARRETTI, 58, fugitive financier; near Orvieto, Italy. Parretti, whose $1.3 billion takeover of MGM in 1990 and subsequent default on an $888 million loan nearly destroyed the company, fled the U.S. in 1996 after being convicted of perjury and evidence tampering...
...that the fact that Harvard graduates have one of the highest rates of loan repayment in the nation, and it's no surprise that, as DeGreeff puts it, "Banks love Harvard students...
...move generates a meager political benefit at a substantial public cost. White House officials have called it "a forced interest-free loan to the Government." Some Republicans in Congress have also objected, and Texas Gov. George W. Bush has opposed the delay, saying that it would be wrong for Congress to "balance their budget on the backs of the poor...
Debt Consolidation. Wanda Storey, a Miami paralegal, has just swung a $13,000, 9.5% home-equity loan. She used it to pay off $6,100 of credit-card borrowings on which she was being charged 22% interest, and a $6,900 loan at 18% for a vacation time share. Her saving: $150 in monthly payments, plus a tax reduction she has yet to calculate...