Word: walls
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Dates: during 1980-1989
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Liquidating the S&Ls and shutting them down would have required $47 billion in "up-front cash," far more than is available immediately to the Federal Savings and Loan Insurance Corp., Wall said. However, by selling off the property of the failed S&Ls, regulators eventually would have recouped all but $22.8 billion on the December transactions, he said...
...regulator, M. Danny Wall, chairman of the Federal Home Loan Bank Board, defended his agency's year-end spate of savings and loan bailouts as cheaper than shutting down the failed institutions and paying off depositors...
...Wall told the committee that his agency rescued 75 institutions in December at a cost of $15.5 billion to be spread out over 10 years. Tax benefits arising from the deals will cost the government an additional $4 billion...
...last few years I've spent most--really, I should say all--of my meager earnings on listening to rock 'n roll. So I've got a state-of-the-art stereo system with speakers that give a wall-of-sound image and a vast, eclectic record collection that would put WHRB to shame (I should know, I hear it on my telephone all the time...
First of all, it should been called the Wall Street Forum. All those pinstripes and ties in one building can give a guy a headache. Could this be the only thing that Harvard prepares you for? A Metro North commuter ride into New York, a 9-to-5 job in lower Manhattan and two tickets to the theatre? Say it ain't so, Derek...