Word: stetsonned
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Dates: during 1980-1989
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Despite their fabled billions, the brothers Hunt in recent weeks have resembled penny poker players trying to rustle up some money to keep off the loan sharks. Their staggering losses in silver the past couple of months have forced them to go, stetson in hand, to bankers in the U.S. and abroad. The weekend after Silver Thursday, they showed up uninvited at the Reserve City Bankers Association convention in Boca Raton, Fla., to plead for help in meeting their debts. The brothers supposedly told leading bankers that they probably owed about $1.7 billion. Over cups of coffee and cold cheese...