Word: loans
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Dates: during 1980-1989
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...quite unfair that I, at the tender age of 23, should be forced to pay rent, the phone bill, the food bill, the car payment with insurance, gas, maintainance, my student loan payment, clothes bills, taxes (federal, state, and local), and even my movie money The "financial elitism," as practiced by the clubs represents the horrid specter of Fiscal Responsibility rearing its ugly head, roaring that all those who share the privileges must share equally the financial burden. Why, you know what my problem is? The world capitalist system has conspired to practice "financial elitism" on me, forcing...
...third of the 3,200 federally insured thrifts in the U.S. just keep falling deeper into the red. The problem is potentially grave, because the ballooning cost of rescuing the ailing thrifts could strain the Federal Government's insurance fund. Last week officials at the Federal Savings and Loan Insurance Corporation, which guarantees deposits up to $100,000 and handles troubled thrifts, estimated that the deficit in its fund reached $11.6 billion last year, nearly double its 1986 level of $6.3 billion...
...House voted 46-14 to impeach Mecham February 5 on the two counts on which he was convicted and a charge of concealing a $350,000 campaign loan. The Senate dismissed the third charge during the six-week trial...
Mecham also faced a recall election May 17 and is scheduled for trial in court April 21 on felony charges of concealing the loan. The question of whether he may run in the recall election is likely to be decided in court, said Attorney General Bob Corbin...
...prosecution charged that the funds werepublic money set aside for use in promoting thestate and that Mecham took out the loan becausehis dealership was in financial trouble; Mechamclaimed that the money was private, and that heborrowed it only to give the state higher interestthan it was receiving...