Word: loaned
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Dates: during 1990-1999
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...about $3 million on a controlling share in the California-based Founders National Bank. They hope to use their contacts and drawing power to get the African-American elite to plunk their savings there. They also hope to be able to attract more African-American businesses to apply for loans. Johnson, whose other investments include movie houses, shopping centers, even a few Starbucks, told the Wall Street Journal, "This is not a charity case. Hopefully we can knock down some doors and take the bank to the next level." And if they really need new customers, they could always work...
...finance. He didn't come up with the notion (credit academia), but more than anyone else he helped pioneer a new kind of risk-aware investing that offered a first glimpse of a world of high-wire, high-tech finance. His legacy has touched every American with a home loan, a credit card or a checkbook. And it has not only made consolidators like McColl and Weill possible--it has also made them essential and inevitable...
These smoothly integrated accounts will make old "classical" transactions--like getting a loan or buying stocks--as charming and irrelevant as classical notions that the sun orbits the earth. Because the system will constantly monitor your net worth, you'll be able to draw instantly on assets in one area to create liabilities in another. These computer-run accounts will factor in everything from the weather to the age of your children in plotting out your future demands. "Yesterday's income and today's wealth will always be known with a high degree of confidence," Sanford predicted...
...everyone disparages mergers. Community banks have become a sanctuary for small businesses and customers who can't afford the big banks. David Williams, chairman of Hale County State Bank in Plainview, Texas, has seen his deposits increase and his loan applications rise 30% in the past 18 months as two area banks were gobbled up. Lesson: you can move your account. But beware, your bank will probably charge you for that...
...said more laws must be passed to complement the Family Medical Leave Act, such as a new proposal to loan money for child care centers...