Word: loaned
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Dates: during 1990-1999
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...What about ethics in other callings, the sorry mess in the savings and loan associations, the scandals on Wall Street and among TV evangelists...
...superstores offering deep discounts. Meanwhile, Businessland stumbled by launching price wars while ignoring rising inventory and changes in customer needs. The company's key lender, ITT Commercial Credit, has announced that it will jump ship by the end of June. Now Businessland must persuade remaining lenders to extend its loan payments. Observes computer industry analyst Douglas Kass: "The coffin is lying out there waiting for the last nail...
...arraigned this month in Kenosha, where he was charged with bilking a 48-year-old woman out of $10,200 during a 10-day romance. After Koch proposed to the woman and the two went shopping for a wedding ring, she gave him money from a second-mortgage loan. Her friends, suspicious of Koch, hired a private investigator. Shortly after Koch's arrest became public, Kenosha officials began to receive reports from police departments around the country. If convicted, Koch faces up to 20 years in prison in Wisconsin alone for theft and forgery...
...frenzy that dumped thousands of new rooms on an already glutted market, with disastrous results. Six of every ten hotels in the U.S. aren't able to make a penny in profit, says Bjorn Hanson, an industry expert with the Coopers & Lybrand accounting firm. As losses mount, so do loan defaults, which have forced lenders to foreclose on a record number of ailing properties. More than 3,000 have reverted to lenders in the past three years, and experts expect an additional 7,000 to be repossessed in the next 24 months...
...establish a loan program with a base sum of $1,000,000 to rend money to small landowners for structural improvements to their rent-controlled properties...