Word: hides
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...company traded its junk bonds for as much as $300 million in government securities in short-term swaps with Merrill in 1985, '86 and '88. The temporary deals allowed Guarantee Security to portray itself as financially healthy to state regulators during year-end audits. But secret trades to hide ownership of securities may constitute "parking," a violation of securities laws. "Merrill Lynch strongly denies that it engaged in any illegal or unethical activity," a company statement said...
...America caught its first glimpse of the real Clarence Thomas, heard his voice for the first time after 100 days of confirmation torture. Gone were the handlers and the fancy advisers who had told him that when questioned about the most important legal issues of the day, he should hide his beliefs at all costs. Last week he sat there alone, reduced to surviving on discipline and guts and the memory of past victories hard won. It was difficult to listen to him slash at the Senators for their betrayal and not view him as the victim of terrible harm...
Moreover, the company disclosed last week that it is conducting an internal investigation to see whether Optima executives, either at its operations office in Jacksonville or at Manhattan headquarters, falsified records to hide the true degree of card-holder defaults. The Federal Deposit Insurance Corp. is probing the matter as well, because the American Express Centurion Bank, which issues Optima, filed incorrect documents with federal regulators as a result of the apparent cover-up. Amex investors, who suffered from a sharp drop in the company's stock when the Optima trouble came to light, have filed a class-action lawsuit...
...last week that may, for better or worse, permanently destroy all that comity. Senator Hatch opened the hearings in disgust, saying that if the Democrats had only asked for a closed executive session, the committee would have been spared its Friday circus. Senator Alan Simpson, who usually manages to hide his meanness behind an Andy Rooney facade, warned Hill that she would be "injured, and destroyed and belittled and hounded and harassed -- real harassment, different from the sexual kind, just plain old Washington-variety harassment." What debates over the budget, arms control, abortion or the gulf war did not destroy...
...backfire. The state has discovered that hospitals, worried about their liability under the CDC guidelines, have begun to force the resignations of HIV-infected workers, regardless of whether or not they perform invasive procedures. With their livelihoods thus threatened, argues the state, infected doctors have a big incentive to hide their condition from hospital colleagues as well as patients. That, say state officials, will be far more dangerous than protecting the doctors' privacy while formally advising them to refrain from invasive procedures...