Word: loans
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Dates: during 1980-1989
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...insurer of deposits in thrift institutions, the Federal Savings and Loan Insurance Corporation copes with the highest failure rate in the industry since the Depression. But the FSLIC cannot survive many more weeks like last week, when it provided more than $1 billion to the Federal Home Loan Bank of Dallas. The Dallas bank had made loans, which the FSLIC had guaranteed, to ailing savings institutions in the Southwest. When the lender had to set aside more collateral for the loans, the FSLIC had to come up with the shortfall...
...eventually lost everything," she says. To support herself and her older son Sam, now ten, she free-lanced for some small sportswear labels inItaly, and she kept on making clothes to sell from her London home. Finally, in 1979, she was able to start her own company with a loan of $750. Last year the business racked up close to $15 million in sales...
...important source of money for the industry. In troubled markets, such as the farm belt and the oil patch, the changes have added to the pressure on shaky developers. Two weeks ago Dallas-based Vantage Companies, the seventh largest U.S. developer, notified its creditors of plans to delay some loan payments and restructure as much as $1 billion in debts. Last week Austin-based Nash Phillips Copus, the seventh largest U.S. builder of single-family homes, put itself into Chapter 11 proceedings...
Funds for Guaranteed Student Loans--the largestfederal loan program--would rise by $219 millionto $2.94 billion and College Work-Study wouldreceive an increase of similar proportions underthe Senate bill...
...College gave its consent after the Undergraduate Council Sunday voiced unanimous approval of the SPA's plans to snare Costello in the form of a $12,200 loan...