Word: mortgagees
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Dates: during 1980-1989
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"Neither I nor any member of the Democratic leadership would mortgage the future of this state for any presidential campaign," Keverian said.
The deal was the second to diversify Rockefeller holdings since 1985, when the group issued a $1.3 billion mortgage on Rockefeller Center to outside investors. The mortgage holders can convert the loan into a 71.5% equity stake in twelve of Rockefeller Center's buildings in the year 2000. If the...
Many schools have committees with this kind ofmembership and influence, but William M. Hardt, aPrinceton development officer, says it is alwaysdifficult to make sure "suggestions for programs"don't mortgage the University's mission tofundraising needs.
Every attempt to introduce some measure of fairness into the deduction has met with protests about the "sanctity of home ownership." Mondale went so far as to call the mortgage interest deduction "the only deduction that is in the tax law that does any good at all for the average...
The problem with the deduction is that the "average American" gets precious little out of it. You could scarcely imagine a system that distributes housing assistance as regressively as does the mortgage interest deduction.