Word: mortgagees
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Dates: during 1980-1989
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Even though she had substantial assets of her own (her net worth at the time was about $500,000), the banks, she says, would not give her a loan unless her husband co-signed it. The FEC, of course, would not permit Zaccaro to do that, since he was one...
Thus began a financial transaction that continues to attract scrutiny (see chart). The property in which Ferraro held a half-interest was a two-story brick commercial building at 231 Centre Street in Lower Manhattan. She and Manny Lerman, a longtime business associate of her husband's, had bought...
Charles Knapp, chairman of California's huge Financial Corporation of America (assets: $32.7 billion), was sporting a new tan from a sailing vacation in the Caribbean last week, but what he had to say at a hastily called Los Angeles press conference contrasted sharply with his relaxed appearance. Under...
A pilot who likes to restore vintage aircraft in his spare time, Knapp enjoyed being known as the Red Baron of the S & L industry. His biggest mistake was to gamble heavily that interest rates would fall. While other S & Ls hedged their bets by offering homeowners variable-rate mortgages...
As interest groups proliferated, they jostled each other at the federal trough. Blacks, women, the handicapped, the elderly, all demanded more of "their share." The established groups, particularly labor, tried to pull up the social ladder behind them, protecting high wages and benefits. The $12-an-hour white construction worker...