Word: loans
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Dates: during 1980-1989
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...group of bankers found that out the hard way recently after telling the President that they supported his efforts to rescue the savings-and-loan industry. Sununu pulled out an ad the bankers were running trying to scare depositors away from S & Ls and into banks. "I take it, then," he growled, "this sort of thing will stop." When a utility boss complained that Bush's clean-air proposals would drive up his electricity rates, Sununu retorted that the utility already enjoyed rates below the national average, which the Government subsidized...
With this bill's substantial funding, we will begin, here and now, to eliminate the ongoing losses of the insolvent firms . . . I'm proud to sign this monster." So said President Bush last week as he stamped into law his long-awaited and much debated savings-and-loan bailout bill. The legislation, / which will rescue ailing thrifts at a cost estimated at $300 billion over the next 30 years, promises to transform the S & L business into a far smaller -- and potentially stronger -- industry. The law will also impose a sweeping reorganization on the Government's thrift regulators: the Federal...
...normal for someone in real estate to loan, buy and sell," Walsh said. "I have a right to conduct business. By law, it's clean and I've done everything openly...
According to The Phoenix, Drisdell did not know Walsh at the time of the loan, but was directed to him by City Solicitor Russell B. Higley. Drisdell needed a 90-day bridge loan to allow him to fund the purchase and repair of a new house in Somerville...
...raise a President to greatness or terminate his political life, is far more complicated than it used to be. "Most of the Presidents we eulogize are those who acted dramatically in crisis," said Roger Porter last week. Porter is a Harvard scholar on the presidency, on loan as the President's economic-and-domestic- policy adviser, thus being granted a rare chance to witness the chemistry of leadership. "We have tended to equate success and action. We sometimes confuse action with accomplishment. A President is instantly under enormous pressure to 'do something.' It is vitally important for him to have...