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Word: adusbef (lookup in dictionary) (lookup stats)
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...Last month 13 consumer groups jointly denounced the "bank saver" decree, which would have cost lenders only about $1.2 billion. "We will take the government to court over this," says Elio Lannutti, chairman of Adusbef, one of the most aggressive consumer groups. "Banks must give back the money, and it must be clear they broke the law." Lannutti argues that Fazio is overstating the cost of returning cash to borrowers, dismissing the $24 billion figure as "psychological terrorism...

Author: /time Magazine | Title: Debtors' Revenge | 2/26/2001 | See Source »

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