Word: loaned
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Dates: during 1990-1999
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Investors could purchase these contracts directly from such dealers as Merrill Lynch or J.P. Morgan, or the dealers could arrange for swaps between investors; either way, the dealer got a fee. Such transactions could take place anywhere. A Texas manufacturer with a $1 million fixed-rate loan who suspected that interest rates would soon fall could swap the loan with a Michigan company that had taken out a floating-rate note but was worried that rates were headed higher. The Texas firm would be the loser if rates did rise, since after the swap it would hold the floating-rate...
Auditors may also question whether the Clintons could deduct the interest on the main Whitewater loan from their personal income tax report for interest payments made after September 1979, when the corporation took responsibility for the loan...
...Moscow paper, but it had already set off so much speculation about Yeltsin's hold on power that the Kremlin had to respond. ! Even Chernomyrdin got into the act. Breaking off an important meeting with the head of the International Monetary Fund to negotiate a $1.5 billion loan, he jetted down to Sochi on Monday to join his boss. That evening Russian television showed the two men strolling along a promenade. The next day Chernomyrdin dismissed the stories of Yeltsin's illness as "insulting" and told reporters, "I worked with him for almost four hours yesterday...
Stephens is in fact still investigating the collapse of Madison Guaranty Savings and Loan for the RTC, the government body that cleans up the affairs of failed S&Ls, in part to look for evidence of fraud that would enable the RTC to file civil claims to recover some of the $47 million that Madison's failure cost taxpayers. That probe would almost inevitably delve into the alleged flow of money between Madison and Whitewater Development Co., in which the Clintons were partners with James McDougal, Madison's former owner. Thus the participants in the vain attempt to get Stephens...
...President replied to an early question by reducing his estimate of the losses he and Hillary had suffered in Whitewater from the original $68,900 to about $47,000. He had only recently remembered, he said, that the proceeds of one $20,700 repayment of a loan he had taken out in 1981 had not gone into Whitewater. Rather the proceeds of the loan had been used to buy land and a cabin for his mother. His poor memory seemed surprising, since a $20,700 repayment of a loan would have loomed very large then; the next year his salary...