Word: thrifts
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Dates: during 1990-1999
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...characters on Seinfeld are more rounded and less stereotyped than practically any on TV. Kramer, for example, the next-door neighbor with the electric hair and thrift-shop wardrobe, could have been a typical sitcom shtick figure. Instead he's an impassioned eccentric with endless reserves of nuttiness. (After the group orders Chinese food, he shouts a final request into the phone: "And extra...
...Americans may be ready to switch from impulse buying to panic saving, driven in part by fear of layoffs. That turnabout would be rich in irony. After years of being exhorted to save money and reduce debt, consumers who finally do that are likely to find their newfound thrift hobbling the recovery...
Clinton's economic advisers showed him charts demonstrating that the deficit in 1996, without any changes, will be more than $100 billion higher than they -- and Bush -- had estimated. Clinton's aides blame the Republican incumbent for underplaying future costs for defense and the thrift bailout, but they also admit cooking their own numbers. New taxes on foreign firms, for example, are now expected to yield only one-fifth of the $15 billion a year that Clinton promised...
BLAME FOR THE SAVINGS AND LOAN FIASCO FALLS not just on executives of the thrift institutions but also on accountants and lawyers who closed their eyes to clients' shenanigans. So says the U.S. government, which claims a "landmark" victory in making that case. Ernst & Young, one of the Big Six accounting firms, agreed to pay a near record fine of $400 million to settle a slew of cases charging it with failing to blow a whistle on S&Ls it audited. For example, say the feds, the firm failed to challenge fictitious sales of real estate made...
...together in 1989 to undertake the largest federal bailout ever, to liquidate more than 800 savings and loans without a hitch. And the dubious were right. From the beginning, the RTC, whose charter is to find and prosecute the crooked, the greedy and the inept among the nation's thrift managers, has been dogged by questions of efficiency, propriety and conflict of interest. Last week three RTC attorneys had more bad news; they testified on Capitol Hill that they had been blocked from prosecuting former S&L officials...