Word: loaning
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...savings-and-loan disaster may be a burden for taxpayers, but it's a boon for lawyers. The federal agency created to handle the sale of insolvent thrifts has set an annual budget for legal fees of $130 million. That's quadruple the cumulative $33 million it has spent on lawyers since its inception last year...
...belly-up because of the tough new regulation. The standards require thrifts to have more capital on their books than even some profitable S&Ls had previously carried. As a result, even some well- managed institutions such as Chicago's 68-year-old Talman Home Federal Savings and Loan (assets: $5.7 billion), which expects to earn $20 million this year, may have to close their doors or be acquired. Says Theodore Roberts, chairman of Talman, which is the largest thrift in Illinois: "Our market values have been declining because of the turmoil that's been created...
...will turn up any moment now. In the meantime, as in all his novels, Leonard has introduced us to a few friends. Whodunit is not the issue, because almost everyone in the book is indictable for some villainy. The question is how much trouble the hero, a semiadmirable Miami loan shark named Chili Palmer, will bring down on his head by his squabble with a syndicate wide-body named Bones. A lot, is the answer. Bones walked off with Chili's leather jacket, and Chili, quite reasonably, punched Bones out and shot a crease in his scalp...
...clear out of Miami. He follows a welsher to Los Angeles and, in the process of collecting some money he is owed, becomes fascinated by the movie business. He wants to direct films, of course, and he has an idea for a script about a good-looking, sympathetic loan shark. The author's lovely, slightly malicious joke (Leonard has worked in Hollywood) is that among the movie town's barracudas, electric eels and ink-ejecting squid, a loan shark fits right in. Chili clearly has a great future, despite a disagreement with his prospective film's star, a handsome fellow...
...collapse of Denver's Silverado Banking has exposed much more than just the questionable business relationships of President Bush's son Neil. The fall of Colorado's No. 3 savings and loan has put the spotlight on a group of go-go bankers and developers who, with access to Silverado's money, built political influence in Colorado and even Washington...