Word: loans
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Dates: during 1980-1989
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During the first seven months of his administration, Bush had some legislative victories, most recently his Savings and Loan industry bailout plan, which both Houses approved with only minor changes...
...told, the plan may provide Mexico with about $4 billion in loan reductions, $6 billion in interest-rate reductions and $2.5 billion in new credits. That is much less than the 55% debt relief, or $29.7 billion, that Mexico originally asked for. Under the new agreement, "we shall not see spectacular results from night to morning," Salinas acknowledged in his broadcast. But the agreement produced an almost immediate benefit in restoring some confidence in Mexico's financial stability. Domestic interest rates, which had risen to 56% this year, have fallen 20 percentage points in the past three weeks because financiers...
...bidders crowded into a Houston warehouse to see the elephants auctioned off for $1,600 to $2,000 apiece, along with the property of 33 other failed Southwestern thrifts. A 1957 Bentley automobile went for $10,050. Besides computers and other office equipment, the Federal Savings and Loan Insurance Corporation also sold hand- carved ivory tusks and even two kitchen sinks...
...next year will be very slow, but are divided about whether the U.S. will fall into a recession. The optimists forecast a "soft landing," characterized by minimal growth but no severe dislocation; the pessimists believe the long-running expansion is due for a bona fide recession, with widespread bankruptcies, loan defaults and layoffs...
...bond issue, and Bankers Trust will assemble a consortium of banks to provide the rest. Yet B.A.T investors would get no cash for their 1.5 billion shares. Instead, Goldsmith and his partners, bidding through a company called Hoylake Investments, would pay B.A.T shareholders a combination of Hoylake stock and loan chits worth $13.82 a share (B.A.T stock was trading at 11.28 in London before the deal was announced). Hoylake would pay down the debts by selling off B.A.T's retailing and finance holdings...