Word: loaning
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...only company in the U.S. that's unaffected by inflation? People fly into a paroxysm when their postage goes up, and they see it as a sign of inefficiency. I guess a quarter to 29 cents is a lot easier to understand than a $500 billion savings and loan bailout. I am just amazed. Everything else goes up. Postal rates will go up. But people have every right to expect that they ((the rates)) should go up at less than the rate of inflation and relatively infrequently. Certainly this increase in February doesn't reflect that philosophy...
...worries that formerly reliable customers may be unable to reply loans are forcing even the healthiest of banks to revise their management strategies. Cambridgeport Bank started building up a huge reserve against possible future loan losses when the Massachusetts credit crunch began, Keegan said...
...Palestinian cause. To King Hussein, any show of disapprobation for Iraq, or endorsement of Allied resolve to liberate Kuwait, would agitate his predomonantly Palestinian subjects and would probably lead to his downfall. To Ali Saleh, president of Yemen, Iraq's annexation of Kuwait would annull the generous low-interest loan of $87 million made to his country by the Kuwaiti Fund for Arab Economic Development. Whither the brotherly concern for Kuwait...
...bank activities since the Great Depression. Under his proposed reforms, banking companies could easily expand across state lines and become financial supermarkets that offer everything from stocks and bonds to life insurance. Treasury said the plan would also seek to shield taxpayers from any replay of the savings and loan fiasco. "If we expect to exert world economic leadership in the 21st century," Brady said, "we must have a modern, world-class financial-services system...
Critics doubt the wisdom of unleashing U.S. banks to expand into new areas. "This is the same cart-before-the-horse mentality that plagued the deregulation of the savings and loan industry," charged Henry Gonzalez, a Texas Democrat who chairs the House banking committee. "Let's set the speed limits and train the policemen before we open a new superexpressway for financial institutions...