Word: loaned
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Dates: during 1980-1989
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Meese sold the stock on May 13, 1983, taking a loss of $3,398. She repaid $5,000 of the loan in November 1982 and the other $10,000 in June 1983, without interest. Thomas became Meese's aide at a salary of $59,500 on Jan. 29,1981. He moved back to California in February 1982, as a regional administrator of the General Services Administration, earning $69,600. His wife Gretchen got a federal job with the Merit Systems Protection Board at $30,402 in San Francisco on Sept. 5, 1982. Meese obviously had chosen his own deputy...
...Other Loans. Four other men who helped Meese out of financial difficulties also wound up with federal positions. They were John McKean, who lent Meese a total of $60,000 in two loans in June and December 1981, and became a member of the Postal Service board of governors on July 31, 1981; Thomas Barrack, who spent $70,000 of his own money to help Meese find a buyer for his California house in the summer of 1982 and became Deputy Under Secretary of the Interior in December 1982; Gordon Luce, chairman of Great American Federal Savings Bank...
...close friends gathered round when the awful impact of Edwin Thomas' $15,000 loan to Ursula Meese began to sink in. "I blew it," Ed Meese kept repeating in a low tone. "I completely forgot about it." At one point, when her husband left the room to make a phone call, Ursula broke down and wept. Never before had the friends seen Ursula Meese cry. "I've done this to him," she sobbed, "and he doesn't deserve...
...quarters to pressure from Nissim Gaon, a Swiss-Jewish multimillionaire and Tami benefactor. After Nigeria failed to pay him hundreds of millions of dollars for a chain of luxury hotels he was building, Gaon reportedly asked Shamir's government to allow Israeli banks in Switzerland to give him loan guarantees. When Finance Minister Yigal Cohen-Orgad refused, Gaon urged Tami Leader Aharon Abuhatzeira to call for new elections. Gaon, who co-founded the Tami Party in 1981, vigorously denied any interference...
Nobody knows whether the prime-rate hike signals the start of a new run-up in the cost of borrowing. Manufacturers Hanover's Kellner insists, "There is plenty of money out there. Loan demand only recently began to rise." Others see the prime rate continuing to climb, perhaps reaching 13% by year...