Word: loaned
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Dates: during 1980-1989
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...reopen the hearings? The key was a revelation in the Washington Post that Meese had failed to tell the committee about a $15,000 interest-free loan made in December 1980 to his wife Ursula by Edwin W. Thomas, a longtime California friend of the couple's. Meese had also failed to include the loan in his 1981 financial-disclosure statement, which was supposed to cover any large assets or indebtedness of anyone in his family. After the Post sought an explanation from him to include in its story revealing the loan, Meese hurriedly wrote a letter of apology...
...willingness of bankers to arrange the huge Texaco loan brought a new company into the Pickens vs. Gulf fight. Atlantic Richfield, moving to increase its oil reserves, offered Gulf $70 a share in mid-February...
Reagan would do well to open his eyes to what these buyouts mean for his rosy economic plans. While his huge budget deficit is the most obvious culprit in tightening up the loan market, $12 billion and $13 billion loans to oil companies to engage in utterly unproductive takeovers further restrict available credit with nothing to show afterward except inflated (or bruised) corporate egos and wealthy lawyers. (Socal's bankers and attorneys walked off with $60 million when the dust settled...
...actually lent $70,000 to Ted Elkin, a former employee and a Bulgarian refugee, who immediately took over the property in partnership with Howard's son. Elkin and the younger Howard ended up selling the house nine months later for only $275,000. Barrack forgave the loan and thus swallowed the loss...
...additional savings before the end of the year, or it will have to raise new funds. New York State officials are not prepared to allow the utility to go bankrupt, but a consensus has yet to develop on how to provide aid. One possibility: a tax-free state loan to help Lilco manage its debt until Shoreham's problems are resolved...