Word: loaned
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Dates: during 1980-1989
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People were frightened, and not just about stocks. Said Eric Fessler, a loan officer at Kadilac Funding, a mortgage and personal-finance institution in Carle Place, N.Y.: "I got flooded with so many calls I could not work. Half wanted to know whether interest rates will now shoot to the heavens. Another half wanted to know if the depression was coming...
...heavily regulated thrift industry, it helps for executives to know their way around Washington. On that score, Honolulu Federal Savings & Loan should be a winner. Its new owner is H.F. Holdings, an investment firm founded by William Simon, 58, who was Treasury Secretary under Presidents Nixon and Ford. Simon has named another old Washington hand, Preston Martin, as chairman of H.F. Holdings. Martin, 62, served as vice chairman of the Federal Reserve Board from March 1982 until March of this year...
...plans to acquire several West Coast S and Ls and put together a financial chain that will "span the Pacific." Martin will scout out potential acquisitions and negotiate the buyouts. He will probably be busy. H.F. Holdings already has bids pending on two ailing California thrifts: Bell Savings & Loan of San Mateo and Southern California Savings & Loan of Beverly Hills...
...should people be able to deduct the interest on their second-home mortgage but not the interest on the loan used to purchase their first car? How many members of Congress have two homes...
...model cars and trucks. In a bid to shrink its swollen inventory, GM late last week postponed the roll-out of its 1987 models, from Sept. 25 to Oct. 9, and announced some dramatic come-ons. The automaker will offer customers a choice of two new incentives: new-car loans at rates as low as 2.9%, or rebates ranging from $300 to $1,500. The bargains will last until Oct. 8. Chrysler followed with a 2.4% loan offer, and Ford matched GM's 2.9% deal...