Word: loaned
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Dates: during 1990-1999
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...most. Anticipating the claim that each of the five had merely taken proper steps to help a constituent, special counsel Robert Bennett declared, "These activities went beyond the norm of constituent service." In helping Keating, who awaits trial for defrauding investors in his defunct California-based Lincoln Savings & Loan and in its parent, American Continental Corp., the Senators, Bennett charged, had ignored the welfare of many more constituents -- including the taxpayers, who will spend some $2 billion because of what he called "the looting of Lincoln." Keating had contributed nearly $1.4 million to the Senators' various campaign affiliations...
...friend and vacation companion of the S&L boss, the Arizona Republican and his wife had frequently traveled on Keating's company planes. McCain attended two key meetings in 1987 with the other Senators (Riegle missed one of them) to press their benefactor's complaints that then Federal Home Loan Bank Board chairman Edwin Gray and the board's San Francisco regulators were harassing Lincoln Savings. McCain asked the White House to name a Keating crony to the board. But McCain refused to relay a Keating- suggested compromise to the regulators. Though seeing no improper conduct by McCain, Bennett asked...
...Atlanta to draw up sophisticated demographic models, consumer profiles and potential customer lists. A thorough computer sorting of all these sources -- which sometimes includes information from up to 100 lists -- will then turn up a list of customers who might respond positively to a pitch for a home-equity loan...
...instance. But like many banks in the '80s, Freedom sought to cash in on expanded powers granted under deregulation by moving aggressively into new lending areas, including risky commercial real-estate ventures. Analysts say the bank strayed too far from its home base. As a result, the number of loan defaults at Freedom jumped 20% in the past year. The bank had lost $7 million since...
...addition to the airline's available cash, ample financing has been provided by the Kuwait Investment Office in London, supplemented by a loan from the Kuwaiti government-in-exile. Other carriers have helped too. In Dublin, Aer Lingus has arranged for Kuwait Airways to patch into its computerized worldwide reservation system. Another problem arose when Iraqi troops confiscated large supplies of Kuwait Airways tickets. The carrier will now use tickets with a new design. The International Air Transport Association is making sure that only tickets issued by Kuwait Airways are honored...