Word: repays
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Dates: during 1980-1989
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Leveraged buyouts could be in trouble during a downturn for many reasons. Investors in some LBOs may simply have paid too high a price or accepted overly rosy projections about their ability to repay debt. Other buyouts might flounder because investment bankers arranged the deals with more concern for the fat fees they produced than for the soundness of the transactions, according to critics of Wall Street. Some studies in LBO failure...
Around the world the U.S. is confronted by the plight of poor but friendly countries that have borrowed heavily and spent unwisely. A traditional American approach has been to make new loans so that the debtors can repay old ones. Debt forgiveness, by any name, has always been anathema, since most of the borrowed money comes from private banks whose directors and shareholders are not in the forgiveness business...
...going to the track again. He conned his wife into letting him take out a second mortgage on their home, telling her it was for investment; he lost the money gambling. His wife threatened divorce, and a business acquaintance from whom he had borrowed money that he did not repay clubbed him over the head. That is why Marc has a steel plate in his head. After a failed suicide attempt, he entered a self-help group at Tampa's Glenbeigh Hospital and thinks this time he really has quit gambling. Says Marc: "I'm a miracle. Most people that...
...longer concerned with a diverse faculty or a student say in University policy. Others sank into harried East Coast jobs, working at the office well past nine at night, shielded by layers of secretaries. For almost all, Harvard was reduced to a line on a resume, a loan to repay, an annual fundraising plea, some drunken anecdotes, a few bad memories...
When the deal unraveled, lawyers for Eastern's creditors blamed Lorenzo and the unions for fumbling the question of who's in charge. But union lawyers said creditors had blocked the deal because they felt it did not spell out how Eastern would repay its debts...