Word: loan
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Dates: during 1990-1999
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...while the male gymnasts are in their mid-20s? Resist overcovering women's beach volleyball, which is no better than the swimsuit competition at the Miss America pageant. And don't labor to make heroes of the nonheroic. Airbrushing swimmer Gary Hall Jr., the spoiled grandson of savings and loan cheat Charles Keating Jr., by not mentioning that he was a major goof-off, blowing up mailboxes and tearing up golf courses, is formulaic hagiography. And after 11 p.m., don't make us sit through any more motivational infomercials. Let the Games finish before dawn...
...Hall was an indifferent student who clashed with his parents and took refuge at friends' homes. But Hall idolized his maternal grandfather, Charles Keating Jr., a one-time NCAA swimming champion with whom he would shoot prairie dogs on the family compound. When Keating, former chairman of Lincoln Savings & Loan, was indicted in 1990 and convicted of fraud and racketeering, Hall was devastated. "He was one person who had confidence in me," he says. "It was traumatizing--more painful than losing someone to death." Soon the teen was blowing up mailboxes and carving up the green of a golf course...
...cash, and a lease on her posh digs at Kensington Palace. Still on the table: hanging on to the title Her Royal Highness. And for Charles? The Prince keeps his right to the throne and gets time with Camilla Parker Bowles. But he may have to float a loan for the princely Diana payout: he makes only $7.5 million a year...
Last week's federal indictment repeats many of the allegations made earlier by the pension funds' lawyer, Michael Manning, that there were "wild swings" in Symington's declarations of net worth, depending on whether he was trying to procure a loan or escape repaying it. At one point in 1991, according to the indictment, Symington listed his net worth at $4 million for one lender; six weeks later, he told another lender he was $4.1 million in debt. Symington's lawyer, John Dowd, calls these "unintended errors and omissions.'' To confuse the issue, Symington's wife Ann Olin Pritzlaff Symington...
Manning suggested that Symington ran for office because he was going broke. A novel promissory note signed in 1992 between Symington and Phoenix lender Jerome Hirsch drastically scaled down the money owed if Symington were to be President when the loan came due. The indictment's count of attempted extortion charges that in trying to soften repayment terms on the $10 million union loan, Symington as Governor threatened to cancel a lucrative Arizona State University lease...