Word: unsoundness
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...federal examiners called the irregularities "unsafe and unsound" banking practices. For failing to disclose them to stockholders, the examiners accused Lance and the banks of "fraud and deceit." Lance and the banks admitted no wrongdoing. Indeed, Lance in the past has blamed part of his troubles on "careless, erroneous or biased reporting" by the press. But he and the banks signed a consent decree, promising not to commit these kinds of questionable acts in the future. The decree bars Lance from ever again bouncing a check except in an "isolated and inadvertent" case. In addition, Lance agreed to give...
...national adoption by all medical schools of the Educational Opportunity Bank, one of the precursors of Dr. Silber's proposal. Since the Ed Op Bank had seemed too bold for universities, the medical schools suggested it on a pilot scale. The plan foundered not because it was fiscally unsound but because universities and parents somehow were coping with pre-inflation tuitions and change was politically unpopular...
...argument that endowment money must be kept distinct from tuition costs seems unsound. There is no inherent necessity for this, nor has it been adequately explained why over a billion dollars must be invested. It would seem that the Corporation could easily cut tuition costs by using its endowment appropriately, if it chose...
...among his fellow unionists, he never gets upset about it because he 1) never takes anything for himself, and 2) insists that wretched means justify his ends: a strong union that enables its members finally to enjoy the pleasures of owning their very own campers, motorboats and other ecologically unsound objects. An actor, or writer, of parts might have made such a figure into a tragically flawed hero, someone like Willie Stark in All the King's Men. But there is no awareness of this dimension as we plod on with this clod Kovak through the long years until...
...last spring the Federal Deposit Insurance Corporation issued cease and desist orders against Gregory's five banks, charging unsound practices. State bank examiners said the loan to Robert Stapleton was "substandard"; they initially wrote off the loan to Institutional Development Corp. as a "loss," but it was later repaid. Gregory's bank in Macon County closed in January. Another bank, in Wilcox County, Ala., closed in March. On Good Friday, Gregory and Vonna Jo were indicted on Alabama felony charges that they accepted deposits at a bank that was about to be closed...