Word: loaned
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Dates: during 1990-1999
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When he was producing "The Bostonians"then-Harvard President Derek C. Bok helped himacquire an $800,000 loan from the Bank of Boston...
...LEESON LOST WAS gained by someone else. Somewhere there are many happy, newly rich people. It is doubtful they are overly distressed by Barings' losses. Americans had a similar experience a few years ago, when our own brand of high-rolling financial experts" took much of the savings and loan system for a ride. We taxpayers had to come up with an estimated $500 billion to cover those losses. And if Leeson suffers the same fate as our homegrown speculators, he will end up in a nice, cushy job, living the good life. Frank Jerome Columbus, Indiana BARINGS' COLLAPSE CANNOT...
...press would like the campaign to be as long as possible, to give it an epic sweep--great armies on the march, great men nobly surveying the terrain, great men brought down by tragic flaws (hubris, a voice that sounds like a peanut grinder, a big fishy loan, a shadowy past at the draft board, a bimbo in the closet). But it is humiliation enough just to run for President. Scandal hardly makes it worse. Scandal, in fact, endears the candidate to us. Senator Gramm, when asked why he had opted against military service in his youth, said, "It didn...
...protect Barings' huge exposures. Leeson attempted to trade in Japanese government bonds as well, but these too incurred large losses. In what apparently was a breakdown in internal controls at Barings' treasury, the bank continued to fund Leeson's activities, going as far as taking out an $850 million loan in the four weeks leading up to the collapse...
Former Salient President Whitney D. Pidot '96has given $1,000 to the publication over the pastyear. Pidot has not yet decided whether hiscontribution will be a gift or a loan, he said...