Word: municipales
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Dante did, however, make his point. Rome's Il Messaggero editorialized that "once poor Christians were thrown to the lions in the Colosseum. Now other poor Christians go there who have no other way to make themselves heard." Eventually, a city hall official climbed up to give Dante a...
As he did with all his banks, Parsons invested B.O.C.'s funds heavily in low-grade 20-year municipal securities. Though they then paid high yields and bolstered bank earnings, they were far tougher to sell than the lower-paying short-term Treasury notes that most banks buy. To...
Nickel Stock. All that changed with the onset of tight money in 1969. Interest rates rose and deposits dwindled as customers sought a higher return elsewhere on their investments. Loan losses piled up, and B.O.C. became strapped for cash to pay back its borrowings from larger banks. Worst of all...
¶Media General, Inc., the Richmond-based communications conglomerate, has been forced to cut back its Media General Financial Daily to a weekly schedule. The chart-filled 72-page paper was begun last summer with a promise to report in detail on the performances and prospects of 3,250 separate...
MGIC's own potential growth hardly seems restricted. Last October the Government lowered the down-payment requirement on mortgage loans insured by private companies from 10% to 5%. That move, Karl thinks, will open a vast new market for MGIC in insuring loans to young home buyers. By now...