Word: loaned
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Dates: during 1990-1999
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...savings-and-loan disaster may be a burden for taxpayers, but it's a boon for lawyers. The federal agency created to handle the sale of insolvent thrifts has set an annual budget for legal fees of $130 million. That's quadruple the cumulative $33 million it has spent on lawyers since its inception last year...
...evidence of a U.S. recession is growing more abundant by the week. Trouble spots range from rising unemployment, which increased from 5.2% in June to 5.5% in July, to falling U.S. corporate profits, which declined 12% in the first half of 1990. Meanwhile, the savings and loan crisis inspired regulators to impose strict new lending standards, which helped bring on a credit crunch earlier this year. Homebuilding, a key barometer of economic health, sank to a meager annual rate of 1.18 million units in June, the lowest level since 1982. Although rising consumer spending kept the expansion rolling during...
...Northeast is already in a recession, suffering from such maladies as plummeting real estate prices and rising unemployment. The Southwest, by contrast, is beginning to bask in the glow of resurgent economic health. Rising oil prices, coupled with a possible shift in wealth because of the savings and loan bailout, may only serve to aggravate the differences between North and South...
...clear out of Miami. He follows a welsher to Los Angeles and, in the process of collecting some money he is owed, becomes fascinated by the movie business. He wants to direct films, of course, and he has an idea for a script about a good-looking, sympathetic loan shark. The author's lovely, slightly malicious joke (Leonard has worked in Hollywood) is that among the movie town's barracudas, electric eels and ink-ejecting squid, a loan shark fits right in. Chili clearly has a great future, despite a disagreement with his prospective film's star, a handsome fellow...
...collapse of Denver's Silverado Banking has exposed much more than just the questionable business relationships of President Bush's son Neil. The fall of Colorado's No. 3 savings and loan has put the spotlight on a group of go-go bankers and developers who, with access to Silverado's money, built political influence in Colorado and even Washington...