Word: toweritis
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Dates: during 1980-1989
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...which invested in banks and thrifts, insurance companies, motels and nursing homes. Beebe and his colleagues at one time or another held control of nearly 40 banks and S & Ls, through which they allegedly made insider "back- scratching" loans to finance one another's high-risk moneymaking schemes. Their tower of debt collapsed in 1986, brought down by the energy bust and tenacious federal investigators. Having pleaded guilty to two counts of fraud in 1988, Beebe, 61, now washes laundry in a federal prison in Texarkana, Texas, where he is serving a sentence of one year...
...raise. Capitol Hill does not want to take the rap for the irreconcilable differences between what Bush is promising in his budget and what the Treasury will allow him to do. Nor is the Senate Armed Services Committee going to rubber-stamp the nomination of former Senator John Tower as Secretary of Defense...
...Tower: Funny you should ask George. I was just thinking about that last night at the Palm when my date and I were polishing off our second bottle of wine. I suddenly remembered my doctor told me to have only two glasses a day. Usually, I'm a man of such discipline--I don't know what's happening to me. I feel a little like a rebel, like those days in the '60's when you and I were the only Republicans in Texas, and we used to joke about holding our convention in a phone booth...
...Tower: Yeah, you're right George. I talked about this type of thing with Danny Q. when we were campaigning together. Danny was telling me how that damned liberal press was giving him such a hard time for serving in the National Guard during 'Nam. I told him not to worry because those damned limp wrists knew more about the weather in Ottawa in the late '60s than they did about what our boys were doing in Southeast Asia. Still, I think you and Boydsy are right. I don't want them after...
...Tower: I'm damn glad you're sticking behind me, George. A while ago, I almost believed those press reports that you didn't think I had the discipline to manage Pentagon reform after I rammed Ron's defense buildup through the Senate. You know, George, if the stink about my seeing that Russian woman down in Houston taught me anything, it's that sometimes it's better to have a little restraint, even if it means turning down a piece...