Word: loaning
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Leading lawmakers agreed with Secretary of State James Baker's argument that immediate action on the loan guarantees would anger Israel's Arab neighbors and endanger the October Middle East peace conference. Defying the Administration's request for a 120-day delay, however, Jewish lobbying groups and some of their allies on Capitol Hill vowed to push for quick congressional approval...
...banking crisis and his suggestions for reform, Seidman often rankled members of the Bush Administration. He was criticized by some for moving too slowly as head of the Resolution Trust Corporation, the government agency charged with managing and selling off foreclosed properties in the wake of the savings-and- loan mess. The likely candidate to succeed him at the FDIC: Federal Reserve director of banking supervision William Taylor...
...expose him. But the specter of the press pursuing the issue of whether Robb got a massage or something more from the former Miss Virginia, as if there were a Pulitzer at stake, makes the public wonder why the reporters aren't off sorting out the savings and loan scandal. Who among the busybodies can know what really happens behind a closed door, inside a marriage or in the human heart, or what it means? Uncovering an affair a public official may have had tells us that he's not perfect. But not much more...
...helped keep CenTrust open for a year longer than its bankrupt condition warranted after acquiring a total of 1.5 million CenTrust shares, or more than 5% of the S&L's stock, in 1988 and 1989. CenTrust was so shaky by late 1988 that regulators for the Federal Home Loan Bank Board in Atlanta had decided to shut it down...
...doors -- and coffers -- open. Pharaon assured regulators that he was backed by oil-rich Arabs who would keep CenTrust solvent. When that tack failed to deter officials, Pharaon and Paul flew CenTrust's corporate jet to Washington to give similar promises to M. Danny Wall, who chaired the Home Loan Bank Board at the time. (Wall recalled the meeting in an interview but said he could not remember the outcome.) After the session, regulators said CenTrust could remain open by selling bonds to shore up its capital. But when few investors bought the offering, Pharaon ponied up $30 million...