Word: loan
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Dates: during 1990-1999
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Paul's situation is dicier. He's a loan officer at a local bank. On paper, he is listed as management. But there may be some title inflation here: a recent Department of Labor report found some 16 million people listed as managers, executives or administrators, which means most of them must be fairly far down the ladder. And that really describes Paul. His problem is that in the last year, half the people in his department have been...
...that business is bad. In fact, the bank is prospering. For efficiency's sake, it has installed LOANEX, a software system that supplants much of Paul's judgment. It is an "experience-based" program containing far more data than any loan officer could have in his head. Would-be borrowers type in answers to questions that appear on the screen. Credit reports are then factored in, after which the software says yes or no. Only if it prints out maybe is Paul's input needed, and this seems to be happening less and less. Nor do things look better higher...
...billing records Huber found clarify the extent of Hillary Clinton's legal work for Madison Guaranty, the savings and loan owned by the Clintons' Whitewater partner, James McDougal. They had been under subpoena by both Whitewater independent counsel Kenneth Starr and the Resolution Trust Corporation, but the Clintons had maintained they were lost. The notation in the papers of 60 hours billed by Hillary to the Madison account has sparked further investigation and connected her with the dubious Castle Grande real estate deal...
...same time, even as her attackers keep the pot boiling on Whitewater, nothing conclusive emerges from the steam. Republicans have done little to disprove Mrs. Clinton's claim that she did nothing illegal on behalf of Madison Guaranty, the now defunct savings and loan association that was headed by Jim McDougal, the Clintons' partner in their Whitewater land investment. Similarly, there's no evidence that the thrift got favorable treatment from a Clinton-appointed state bank regulator, Beverly Bassett Schaffer...
...much for them to debate. Hashimoto is burdened by a host of problems. The economy has shown negligible growth for four years. More and more, big Japanese companies are shifting factories overseas and idling plants at home. The banking system is teetering at the edge of a bad-loan abyss. Government officials have been swallowed up by one corruption scandal after another. Voters are restless: the last general election was held in 1993, and four different Prime Ministers have held office since then...