Word: million
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Dates: during 1990-1999
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...backer is Crouch's father Paul, CEO and star (with his bounteously bouffanted wife Jan) of the Trinity Broadcasting Network. TBN is actually not a "little Christian channel" but a giant in the sometimes overlooked field of televangelism. Showcasing preachers both black and white, it claims to reach 84 million homes and takes in some $80 million a year in contributions, primarily from 1.5 million "partners" who give annually...
...company's vice presidents, Michael Graham, obstructed bank regulators who were investigating a fraudulent scheme that left First National insolvent and forced bank regulators to take it over on Sept. 1. The bank's losses are expected to cost the Federal Deposit Insurance Corporation some $800 million--the largest loss since the savings-and-loan crisis of the early 1990s...
...bank had only $15 million in deposits. Then along came a miserly Pittsburgh, Pa., financier named J. Knox McConnell, who drove an old Buick and wore threadbare suits but was worth $23 million. He hired only women--"Knox's Foxes," they were called--to discourage distracting office romances. His longtime companion was Billie Cherry, a woman who worked for him. Cherry and her friend Terry Church followed Knox from Pittsburgh to Keystone. The bank moved aggressively into the national market for "subprime" home-equity loans, which are riskier than first mortgages but generate higher interest payments. Keystone was earning about...
...drama heightened last week after Church paid $2.5 million bail and was confined to her ranch. Cherry has not been charged, but is offering something of a hillbilly defense around town, claiming auditors have attempted to oust her and Church because the women are not Ivy Leaguers...
...council meeting last Thursday, Cherry, who is also mayor, doubled her fists and vowed that if anyone tried to make her resign her city post, "I'll give 'em some knuckle puddin'." She had a request for the council. Now that she has lost her job and her $4 million in bank stock is worthless, she would like a permit to open a bakery...