Word: moneymen
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...said Treasury Secretary James Baker last week as he announced an ambitious U.S. scheme to rescue the Third World's floundering debtor countries. His speech was the main event for 9,000 moneymen who gathered in the South Korean capital of Seoul for the annual meeting of the World Bank and the International Monetary Fund. The bankers and Finance Ministers welcomed his message as a breakthrough. For the first time the U.S. is willing to throw its weight behind an effort to solve the dangerous debt problem. Said Pedro-Pablo Kuczynski, a managing director of the First Boston investment firm...
When seven top U.S. bankers received telephone calls from Treasury Secretary , James Baker last week, they dropped what they were doing and rushed to Washington. Huddling in his Treasury Building office with the moneymen and Federal Reserve Chairman Paul Volcker, Baker gave a 95-minute preview of a new Reagan Administration plan for defusing the Third World debt bomb. Meanwhile, in New York City, a group of bankers representing 600 international lenders agreed to grant Mexico an emergency six-month extension on nearly $1 billion of IOUs. While those events unfolded, the sharp impact of another new Washington strategy...
White was lucky. He caught the tailend of the proverbral era of back-room politics, when candidacies really were decided by stogie-munching moneymen, when what happened in the back room was both interesting and significant...
...cold reckoning of Hollywood's moneymen, The Cotton Club was one of last Christmas' turkeys. Despite its lavish production, a big-name director (Francis Coppola) and star (Richard Gere) and huge advance publicity, the $47 million show-biz epic was squeezed out in the scramble for holiday audiences by such hits as Beverly Hills Cop and The Flamingo...
...proliferation of the paper, though, is causing both moneymen and legislators to wonder whether the junk pile could collapse. Last week New Mexico Republican Pete Domenici introduced a Senate bill that would halt the feverish growth by putting a moratorium until the end of the year on most takeovers financed by junk bonds. The bill could put a stop to deals like Corporate Raider T. Boone Pickens' plan to acquire Unocal with some $3 billion in junk bonds, one of the largest issues ever proposed...