Word: loaning
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...plot thickens with a few more characters: Add one brooding bartender (Cliff Gorman) who hates Fabian but agrees to loan him $12,000 the day before the big event (hint, hint?), the bartender's wife (Jessica Lange) who loves Fabian and a bookie who likes Fabian but will kill him if he reneges on his loan (a harbinger...
...defensive counterstrike, Attorney General William P. Barr announced that he had asked retired federal Judge Frederick B. Lacey of New Jersey to investigate the Justice Department's handling of the case against an Italian bank, Banca Nazionale del Lavoro, whose Atlanta branch provided $4 billion in illegal loans and loan guarantees to Iraq. In the meantime the CIA continues to turn over new files, including one report that U.S. and Italian officials had accepted bribes in the B.N.L. case...
Bush would probably prefer not to be judged on his record of prophecy regarding Iraq and China. But at least those subjects were raised. What comes through from the 1988 debates is the stunning irrelevancy of most of the exchanges. Never mentioned was the fast-escalating savings-and-loan crisis. Not a word was devoted to the economic challenge from Japan. There was never more than a hint, even from Dukakis, that paper prosperity might soon give way to remorseless recession...
...analysts expect that insurance failures will occur on the scale of the savings-and-loan crisis. Insurance firms tend to stand on a more solid financial footing than banks and thrifts. State regulators generally require insurance firms to keep on hand $1 of capital for every $3 of outstanding obligations, compared with a ratio of 1 to 12 for banks...
...cyclical" problems that create temporary recessions once or twice a decade. The structural faults, many of them legacies of the 1980s, represent once-in-a-lifetime dislocations that will take years to work out. Among them: the job drought, the debt hangover, the defense-industry contraction, the savings and loan collapse, the real estate depression, the health-care cost explosion and the runaway federal deficit. "This is a sick economy that won't respond to traditional remedies," said Norman Robertson, chief economist at Pittsburgh's Mellon Bank. "There's going to be a lot of trauma before it's over...