Word: loaned
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Dates: during 1980-1989
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...explains frequent Basement shopper Richard Van Loan "I think I spend Richard Van Loanb, I think I spend more money because it's cheap and therefore I feel I can buy more...
...opening round in what seems likely to be a yearlong battle over the budget, but Ronald Reagan threw his hardest knockdown punch. The President called reporters and cameramen into the Oval Office to witness his veto of a bill that would have extended about $2 billion in additional federal loan guarantees to debt-burdened farmers. Said Reagan: "Someone must stand up to those who say, 'Here's the key, there's the Treasury, just take as many of those hard-earned tax dollars as you want.' " Moreover, he pledged, "I will veto again and again until spending is brought under...
...biggest failure of its kind since Drysdale Government Securities went under in 1982, dozens of cities, financial institutions and other creditors stood to be out as much as $300 million. Among the potential victims were Beaumont, Texas, which could lose $20 million, and Miami's American Savings and Loan, which may drop $60 million. E.S.M. had attracted investors by offering guaranteed high interest rates for short-term loans. The funds were supposedly backed by government securities that E.S.M. promised to put up as collateral. When it turned out last week that many of the government certificates could not be found...
...more direct effort to squeeze the Nicaraguan government, the U.S. has opposed a proposal by the Inter-American Development Bank, a lending institution supported by 43 nations, to grant a $58 million loan to that country. Secretary of State George Shultz personally expressed "strong opposition" to the loan, claiming that it would enable the Sandinistas to "free other money that could be used to help consolidate the Marxist regime and finance Nicaragua's aggression against its neighbors." The bank's top officers agreed to reconsider the loan...
Senate Majority Leader Robert Dole, who had been trying to stall action on the farm-aid legislation, gave in and let it come to a vote. Eight Republican Senators, seven of them from the farm belt, broke ranks and joined the Democrats in approving $1.85 billion in additional loan guarantees to farmers, plus $100 million to help banks reduce interest rates for farmers in trouble. In a second, closer vote, the Senate agreed to advance farmers 50% of the price-support loans they normally get in the fall, after crops are harvested. An infuriated Pete Domenici of New Mexico, chairman...