Word: marylander
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
When a savings and loan crisis hit Maryland last week, depositors knew all too well what to do. They gathered up their lawn chairs, thermos bottles and portable radios and lined up outside the banks as if they were embarking on a familiar American outing. In a sense, they were. Only two months ago, depositors across the U.S. witnessed scenes right out of the Great Depression during a panic that temporarily shut down Ohio's 69 privately insured thrifts. At the time, Governor Richard Celeste warned several other states that they should prepare for similar events. "You're sitting...
...panic indeed exploded in Maryland last week, prompting Hughes to seize emergency control of his state's 102 privately insured thrifts. The events demonstrated the shaky state of consumer confidence in banking and sparked demands that all deposit-taking institutions be federally insured. Most of all, Maryland's crisis raised doubts about the overall health of the savings and loan industry, which is attempting to recover from a six-year slump. Said Willard Butcher, chairman of Chase Manhattan Bank: "We have the potential for a very serious thrift crisis in this country...
...whiff of trouble was all it took to ignite the fears of Maryland's depositors. Press reports about management improprieties at Baltimore's Old Court Savings & Loan sent customers scurrying to withdraw deposits. The panic spread to other thrifts because many of the state's institutions, as those in Ohio once did, rely for deposit protection on a private insurance fund rather than federal agencies. Maryland depositors feared that their $286 million fund, the Maryland Savings-Share Insurance Corp., would be exhausted by a major run on the $7.2 billion in deposits that it guarantees...
...test. Adults must have twice that score to qualify as drunk, but, says a state spokesman, "the idea is that a juvenile is more impaired at .05 than an adult is at .10." In some states, police routinely set up "sobriety checkpoints," stopping cars to check for drunk drivers. Maryland has a program encouraging CB operators to call in reports on drunk drivers. Since July 1982, more than 20,000 such reports have yielded almost ( 3,000 drunk-driving arrests. Says Kent Milton of the California highway patrol: "The problem is still enormous. It's a gigantic ocean with...
...carry copies of their entire medical histories--X rays, ECGs, vaccination records and all--in their hip pockets. Up to 800 pages of such information, including a digitized personal photograph and explanation of insurance coverage, will fit on a credit card-size "LifeCard." Last week Blue Cross/Blue Shield of Maryland announced plans to introduce the laser-encoded card in Columbia and, if all goes well, distribute it throughout the state by 1986. Ultimately they hope to market the LifeCard to insurers around the country. Says Blue Cross Executive Thomas Sherlock: "This card could reduce the number of X rays...