Word: loaned
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Dates: during 1970-1979
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...crisis deepened, Beame made an urgent, last-ditch attempt to persuade President Ford to end his adamant opposition to a federal loan guarantee or any other help for New York. Earlier in the week, city officials had been cheered by Vice President Nelson Rockefeller's plea for swift congressional action to "avoid catastrophe." Despite White House denials, New Yorkers interpreted the Vice President's statement as meaning that Ford was relenting. In fact, Rocky and Ford were sharply and openly split on the issue, and White House aides were furious at the Vice President...
...Mary King, of Washington, D.C., organized her own management consulting firm two years before she was married. Even so, her banker recently asked her to get the co-signature of her husband, who has nothing to do with the business, before he would grant a small loan...
...When Carol Faill returned to school at age 38 and won approval of a Pennsylvania government agency for a stateinsured college loan, she complimented her banker on his enlightened disregard for a husband's co-signature. "Oh," said the banker, "I didn't realize ..." Her husband had to cosign...
...Nonetheless, women's groups still have some reservations. They are disappointed that the new rules do not force a lender to spell out reasons for refusing credit in writing, but permit it to be done orally. If a creditor had to write out reasons for turning down a loan, feminists point out, he would be answerable in court for a flimsy excuse. Some feminists also wonder how vigorously the law will be enforced. Recently, several states have passed fair-credit laws, but, complains Carole De Saram, president of the New York chapter of NOW, "all the banks...
...many, Bricklin, who had made his original fortune running hardware stores, actually acquired two plants in Canada's New Brunswick province and started making his unconventional Bricklin cars. Now two secured creditors and the New Brunswick government, which had put up more than $20 million in cash and loan guarantees to obtain 67% control of Bricklin Canada Ltd., have placed the company in receivership, closing the plants. Bricklin himself proclaimed last week at a press conference in Toronto that "the Bricklin car will continue to be built in New Brunswick." That sounded like whistling in the dark-especially since...