Word: nonliquid
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Crisis loomed over one big segment of the money market: the savings and loan associations. Tempted by higher yields elsewhere, depositors withdrew $1.5 billion from the S & Ls in July. Government money managers were so worried that dangerously nonliquid S & Ls would go under that the Federal Home Loan Bank Board, which regulates the associations, arranged a $4 billion stand-by loan with the Treasury and hoped to get $5 billion more from the Federal Reserve - if needed. Says one high U.S. Treasury official: "The withdrawals scared the hell out of us. The savings and loan people were hysterical...
Ross distrusted most of those who wrote for The New Yorker, says Thurber. "He nursed an editorial phobia about what he called the functional: 'bathroom and bedroom stuff.' Years later he deleted from a Janet Planner 'London Letter' a forthright explanation of the nonliquid diet imposed upon the royal family and dignitaries during the coronation of George VI. 'So-and-so can't write a story without a man in it carrying a woman to bed,' he wailed. And again, 'I'll never print another [John] O'Hara story...
| 1 |