Word: cashes
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Dates: during 1990-1990
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...investors in 1988 in what amounted to sweetheart deals. Finally, the beleaguered Resolution Trust Corporation, which is managing the bailout, disclosed plans to dispose of 130 more thrifts and to sell $50 billion of seized assets by the end of the year in an effort to raise desperately needed cash...
...bailout's woes were glaringly evident last week, when the Administration notified Congress that $100 billion will be needed by October to keep the program from running out of cash. The news angered Administration critics who were stunned by the size of the request. The $100 billion installment includes $60 billion in bonds the RTC plans to repay from the sale of assets of seized thrifts. The remaining $40 billion will become part of the bailout's long-term cost...
Under attack for liquidating its holdings too slowly, which increases the need for cash infusions, the RTC has begun to speed up the pace. Last week Seidman announced the details of a "fall inventory-reduction sale," in which the agency will unload shuttered thrifts and seized assets by the end of the year. Up for grabs will be everything from junk bonds to golf courses to shopping malls. The $50 billion asset sell-off will refuel the bailout process, but it will take its toll on the U.S. by depressing, to some extent, an already weak real estate market...
...women, let alone romance or sex. Ranjeet, 44, the popular Hindi movie villain who has enacted more than 350 rape scenes during a 19-year career, explains the phenomenon in terms of sexual deprivation. Says he: "Because people live in a repressive society, they are sex starved. Filmmakers cash in on this...
...Kirk Burrell, he picked up his stage moniker from A's players who noticed his resemblance to home-run king Hammerin' Hank Aaron (the M.C., added later, stands for Master of Ceremonies, rapspeak for band leader). After a two-year hitch in the Navy, Hammer borrowed some start-up cash from a couple of A's outfielders to launch Bustin' Records. He couldn't play an instrument, and he sang with more enthusiasm than finesse, but his first album, 1988's Let's Get It Started, produced three Top 10 singles. And those hits have just kept on coming...