Word: loaned
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Dates: during 1950-1959
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...conditions which prompted [its] creation exists today. When the Government finances business, it is competing with private enterprise from which it gets much of its income. When it finances improvident business, it takes from the profits of competing business, gets no taxes from the improvident, and loses on its loan...
...total, about $30,000 is in long term loans under the College's new loan policy. No interest is charged on this money until the debtors have been graduated from College or graduate school. Then the loans fall due at three percent simple interest with a required repayment rate of $10 per month...
...year's $50,000 worth of loans is double the amount given last year. The increase was made available by the establishment by members of the Lowell family of Boston of a "Harvard Loan Fund...
Rushing In. Under the circumstances, why had RFC approved the loan? Senator Fulbright put RFChairman Hise on the stand to find out, but got little satisfaction. "I don't think I want to attempt to justify this particular loan," said Hise, slouching in his chair. "I have heard nothing to indicate it was a bad loan." Besides, he added, there was "no reason to hold up the disbursement." In fact, his staff lawyers thought it might be illegal for RFC not to go through with its loan commitment. RFC was firmly of the opinion that with more capital Texmass...
...collateral all in one package for the RFC loan, Texmass had to get it from the investors by exchanging stock, a transaction that required it to file a prospectus with SEC. Texmass admitted in the prospectus that its securities "have no present value and that any future value thereof is very remote and is dependent upon future development of substantial oil and gas reserves which cannot be counted upon." Its SEC prospectus also admitted that earnings would be "insufficient" to repay the RFC loan in ten years...