Word: messes
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...pushing to clean up the savings and loan mess, have federal regulators acted too hastily in declaring some thrifts insolvent? A federal judge in Topeka thinks so in at least one case. Last week he ordered the Office of Thrift Supervision to return control of an S&L to its original owners on the ground that the agency used "arbitrary and capricious" accounting methods to justify seizing the thrift, Franklin Savings (assets: $9.3 billion) of Ottawa, Kans...
...strike as soon as Dukakis left on a European trip to promote trade for the state. Since the constitution confers the powers of the Governor's office on her whenever the chief executive is away, she planned to call an emergency meeting to deal with the state's fiscal mess. She was set to order all department heads to slash their budgets 10% and open their financial books each month to show what they were spending. These bold steps were supposed to demonstrate her previously invisible leadership qualities...
...subject is amorphous, disorderly, malignant. Presiding over the Oslo conference, Elie Wiesel controlled a red light on the podium that he used to warn a speaker when his time was up (even Carter got red-lighted). It was as if hatred is intellectually and morally such a dangerous, unmanageable mess, such a monster, that Wiesel, the kindest of men, had to police the dialogue like an anxious warden. He said he had nightmares about the red light...
...report from the Resolution Trust Corporation is expected this month, and it figures to stoke congressional ardor to find scapegoats for the S&L mess. The report will examine transactions during 1988, when private investors, at the government's request, scooped up troubled S&Ls and then received whopping federal subsidies for doing so. In 94 cases, entrepreneurs like Ronald ! Perelman, owner of Revlon, and Texas billionaire Robert Bass wound up reaping, on average, $78 for each dollar they invested. Some who received this windfall have argued that their intervention was cheaper than allowing the bankrupt S& Ls to pile...
...company's storage yard, pulled out their machine guns and blew to bits more than 200 windows that were sitting on an open truck. For PECO's owners, happy to still be breathing, it was a pointed lesson that so many businessmen have come to learn: you don't mess with the Genovese gang...