Word: panics
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Dates: during 1980-1989
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...what happens to Mike when he is in Duluth. He is figuring out a get-a-way route for escape to airport, but he gets lost in big city Duluth. Now, don't you laugh, it is easy to get lost in a big city, but Mike gets the panic...
Yoost like the greenhorn deer hunters in the voods-when they get the lost-they get the panic. They start to run when they get this panic-but in the voods they make a big circle. After they run this big circle three or four times, they fall on the ground, because they are so tried with their tongue hanging out one foot. Then they remember they have the compass and map in their pockits. When they look at map and use compass, they come to their car, only two blocks away. Bet Mike forgot the map and compass...
...waves of anxiety from Ohio's savings-and-loan panic started to calm down last week, members of the banking community desperately hoped for a respite from further turmoil. But they did not get it. Another bout of uneasiness hit the financial industry, this time inspired partly by the plight of Texas banks laden with bad loans in energy and real estate. Meanwhile, everyone from divorce lawyers to the FBI was busily looking for culprits in the failure of Home State Savings, the Cincinnati thrift whose sudden collapse last month touched off a minor financial panic. The scare forced Governor...
...backed now by the Federal Savings and Loan Insurance Corporation, a federal agency that guarantees deposits up to $100,000. The remaining privately insured S and Ls were allowing customers to withdraw up to $750. Depositors said they had confidence in their thrifts, and there was little sense of panic. Nonetheless, at least 200 jittery customers lined up to make withdrawals last Thursday from Cincinnati's Oakmont Savings and Loan, where there had been reports that some of the thrift's officers had illegally taken money from their accounts on advance word about Home State's troubles. State officials...
Traders dumped dollars out of fear that the U.S. economy may be slowing, and because some interest rates have fallen. They also fretted about the health of the American financial system following last month's panic at Ohio savings and loans and reports of troubles at Texas banks. Says Patton: "There is great concern that the American miracle may be a bubble on the verge of bursting...