Word: mortgagees
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Dates: during 1980-1989
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Though simple and evenhanded, the Hall-Rabushka plan has at least two features that probably doom it politically. First, it calls for a low 19% tax rate on even the richest of taxpayers. Second, it does away with many tax preferences, like the deduction of mortgage interest, that millions of...
There was even more bad news in the investigators' report: $1,200 in unpaid parking tickets, 38 building-code violations on rental property owned by Alvarado, and failure to disclose personal debt and child-support payments in mortgage applications. The district attorneys in Brooklyn and Manhattan have reportedly begun...
Other Loans. Four other men who helped Meese out of financial difficulties also wound up with federal positions. They were John McKean, who lent Meese a total of $60,000 in two loans in June and December 1981, and became a member of the Postal Service board of governors on...
> Gordon Luce, chairman of Great American Federal Savings Bank in San Diego, who was named an alternate U.S. delegate to the United Nations after his bank granted Meese mortgage loans of more than $400,000 and let him fall 15 months behind in payments without threatening foreclosure.
The purchasers are fascinating too. An international financier named Bill Oldenburg owns the Express, a U.S. Football League team thriving neither on the field nor at the box office. He claims to have passed up a chance to buy the prosperous Dallas Cowboys of the National Football League: "I could...