Word: loans
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Dates: during 1950-1959
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Then, just as things were going so well, that Texas firm began asking Rice for the $250,000 loan. Rather than see the cash slip away, Patrick decided that the old man must...
...BANK, so the old saying goes, is a place where you can always get a loan-when you don't need one. While this may have been true in the past, bankers are now rapidly changing their ways. The main reason is that some of their major functions are being usurped by some hard-selling upstarts eager to lend money. They are the nation's 6,000 savings and loan associations, which represent the fastest-growing financial business in the U.S. As their name implies, savings and loan associations have two main functions: 1) to help people save...
Last year, of the $8.1 billion that went into savings accounts, 44% went into savings and loan associations (which have about 14 million members) v. only 35% into commercial banks and 21% into savings banks. Last year they handled some 37% of all home-mortgage loans, more than the commercial and savings banks combined, and more than four times the share of the insurance companies. With an estimated total of more than $8 billion in mortgage loans being written this year alone, the associations are financing one in every four new houses being built in the U.S. Assets...
Behind the spectacular rise of the associations lie many factors, including the growth of the entire economy. While bankers by and large have waited for business to come to them, the savings and loan men have gone out and drummed...
...iron lung's mirror was familiar to millions in newspapers and newsreels. His father spent an estimated $1,000,000 on the medical fight to keep him breathing. Fred graduated from Notre Dame in 1932, went to work in his wealthy father's business, the Local Loan Co. of Chicago. Four years later, in China on a trip around the world, he contracted bulbar poliomyelitis...