Word: loaned
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Dates: during 1990-1999
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...testimony last week before a subcommittee chaired by Senator John Kerry, a convicted former B.C.C.I. employee fingered Zayed as one of the phony stockholders in B.C.C.I.'s purchase of First American. The witness, Akbar Bilgrami, testified that he had personally read the loan agreements by which B.C.C.I. lent the money to Zayed to buy First American shares. If true, this means that Zayed violated the same banking laws that Adham and Mahfouz are charged with breaking...
...Washington, they were reviled for encouraging anti-Semitism and were called anti-Semites themselves. They took the heat and prevailed. Today Israel's new government is scaling back the West Bank settlements, the peace negotiations may finally yield autonomy for the Palestinians Jerusalem rules, and the $10 billion in loan guarantees to help resettle Soviet Jews will probably be approved when Prime Minister Yitzhak Rabin meets with Bush in mid-August...
...this, the Administration deserves considerable credit. "Shamir was the roadblock, and the loan guarantees were Bush's stick," says Ze'ev Chafets, an Israeli journalist who served as Menachem Begin's spokesman. "Had Bush caved in to American Jewish pressures, Shamir would have been strengthened immeasurably. He would probably still be in power, and we'd still be stalemated...
...depends on whether the peace process is perceived as actually moving," says Rabbi Daniel Syme of the Union of American Hebrew Congregations. "In Bush's favor is the fact that for the first time, speedy progress is in everyone's interest. Israel's economy desperately needs the loan guarantees, so Rabin will do what he must to get them. The Arabs, as the saying goes, have never missed an opportunity to miss an opportunity, but they clearly want to help Bush too." That's right, says a Saudi Cabinet minister who was present when Baker met with King Fahd last...
...cold, as he deserves to be. For months, as he has pandered to Jewish voters, Clinton's logic has been tortured. He has routinely praised Bush and Baker for "getting the peace talks started," but he has just as regularly shot at the Administration for its loan guarantee stance, which was the key element in getting the players to the table in the first place. "It ain't complicated," concedes a Clinton aide. "We needed Jewish votes in the primaries. We played it one step at a time, and we can't waffle now. We're stuck. We can only...