Word: thrifts
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...thought the judge was very fair," remarked former Dallas thrift owner Don R. Dixon last week. Fair and then some. Dixon was convicted last December on federal charges that he used funds from his Vernon Savings & Loan $2 million to pay for a California beach house and $10,000 for prostitutes for board members. Though Vernon's former chairman, Woody Lemons, had been sentenced to 30 years, U.S. district court Judge A. Joe Fish gave Dixon only five years, pointing out that the jury had not found him responsible for Vernon's $1.3 billion failure. Dixon could be paroled after...
...Abedi. Banking regulators are probing another Pharaon holding -- Independence Bank in Encino, Calif. -- to see if Abedi or B.C.C.I. is the secret owner of that bank. And a federal grand jury in Miami is tracking Pharaon's and B.C.C.I.'s links to fraud-riddled CenTrust Savings, which thrift regulators took over last year...
...National Association, the higher education agenda is marked by concerns about taxation, student aid, overregulation and science, says Julianne Still Thrift, executive vice president...
...Thrift and other lobbyists are seeking to reshape the Higher Education Act, which dictates public policy in that area, including student aid and funding for historically Black colleges, according to Brown at California's Association. The act will come before Congress for reauthorization this year...
Both Republican and Democratic experts agree that the new budget rules should lead to a lower deficit in a few years. But they add that unexpected costs, like those from the gulf war and the thrift bailout, could again postpone that day indefinitely. Last week Bush told several thousand businessmen and -women in New York City that the deficit would be "virtually eliminated by 1995." The audience reaction was a mix of scattered applause and derisive laughter. As one of Bush's predecessors put it, you can't fool all of the people all the time...