Word: tokening
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...fire sale of twelve failing Texas institutions, including Richardson Savings (assets: $707.8 million) and Mercury Savings ($332.9 million). The S and Ls will be merged and turned over to an investment group led by William Gibson, an executive vice president at Chicago's Continental Illinois bank, for a token $48 million. To attract the investors and revive the S and Ls, the Bank Board agreed to provide financial aid that may run as high as $1.3 billion over the next decade...
Some blacks found this offensive. Alan Keyes, a former State Department / official who is the G.O.P. candidate in Maryland's Senate race, initially refused to address the convention when organizers asked him to talk about being a "black and a Republican." "I am not going to be a token," said Keyes...
...start of the campaign, Truesdell predicted that Vellucci's campaign--which spent only $4000 to defeat token Republican opposition in 1986--would need to raise more than $60,000 to avoid a "grim" financial situation. Truesdell said yesterday in a phone interview that the Vellucci campaign had raised more than $50,000 so far, and that he expected more contributions in the near future...
...same token, the government has refused to make evident the official electoral results. For the first time, however, it has conceeded a loss in a senatorial race. Cardenas' party will have representatives in the PRI-controlled Congressional body...
Finally, on May 25, Iraqi forces threw Iranian troops out of an important salient: territory east of the port of Basra that had been a staging area for Iranian artillery bombardments of the city. The operation reportedly took just five hours, with the Iranians putting up only token resistance...