RTC faces 150 million blunder to save face over S&L deal
The RTC kept a bad mortgage option tied to City Savings of Somerset, then let Goldman Sachs cherry-pick lower quality loans at deep discount. Critics say the maneuver bypasses bidding rules, could cost up to 150 million more than a straightforward admission, and raises public cost while avoiding embarrassment.
MENTIONED IN THIS ARTICLE
Aps
Resolution Trust Corp
S&l
RTC
City Savings of
Somerset
S&ls
New Jersey
First Fidelity Bancorp
Goldman, Sachs
Wall Street
Goldman
Los Angeles Times
Leo Bullocks leaves Elyria Council as illness ends service
Leo Bullocks will not attend tonight's Elyria City Council meeting and officials acknowledge his illness has ended his long, extensive community work. The council president and honorary deputy mayor note this final absence marks a lasting legacy and call for continued public service by Elyrians.
MENTIONED IN THIS ARTICLE
Elyria City
Leo Bullocks
Semi-Homeless President Faces Economic Strain
The St Petersburg Times notes the Bushes’ Houstonian Hotel bankruptcy contrasts with their White House and Kennebunkport comforts. It argues the president appears out of touch as economic hardship grows, risking voter backlash if relief is not seen by November.
MENTIONED IN THIS ARTICLE
George Bush
Houstonian
Texas
Kennebunkport
Maine
White House
Bush
Washington
America
Lorain County officials hide and find 400000 of 3500000
A reader alleges Lorain County commissioners and Budget Commission hid 3.5 million in revenue gaps. The author claims 400000 was later found and advocates accountability and possible rehiring of sheriff deputies. Patton, a Democratic primary candidate, comments from Elyria.
MENTIONED IN THIS ARTICLE
Lorain County
Budget Commission
Pijor
Talarek
White
Jim Patton
Elyria Patton
North Olmsted tax fears and school pledges debate
Readers critique tax measures for schools citing federal and state studies that funding levels do not guarantee student success. They highlight citizen voting dynamics, propose alternative taxes, and recall personal lessons about priorities from teachers. The letters also recount personal experiences influencing views on levies and education funding.
MENTIONED IN THIS ARTICLE
U.S. Department of Education
Chronicle Telegram invites letters to the editor
The Chronicle Telegram welcomes letters to the editor. Letters may be edited for brevity accuracy and clarity. Include your signature full address and telephone number and mail to Editorial Page Editor Chronicle Telegram Box 4010 Elyria Ohio 44036. Fax letters to 3297272.
MENTIONED IN THIS ARTICLE
Chronicle-Telegram
Chronicle- Telegram
Elyria
Clinton has 50-50 shot against Bush says Grady
Washington bureau chief Sandy Grady argues Clinton remains viable against Bush in a turbulent race. He cites economy fears and Clinton's campaign strengths as factors keeping the incumbent in contention despite harsh coverage and GOP vulnerabilities.
MENTIONED IN THIS ARTICLE
Clinton
Bush
Washington
George McGovern
Bill Clinton
George Bush
Ronald Reagan
Japan
GOP
William McIntorff
Time
Jack Kennedy
Nixon
Reagan
Sandy Grady
Philadelphia Daily News
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A. Coopi
Houston
St. Petersburg
Fla
Eureka
the Chronicle-Telegram
Ohio University
Edward H. Metz
North Olmsted
Dr. Ink
Dave Rusynyk
Elynna
John A. Thompson
Elyna
Cleveland State University
Manuel Noriega
King Kong
CNN
Congress
Neil Bush
Buchanan
Detroit
BCCI
Kevin Phillips
New Hampshire
New York
Roger Ailes
Lee Atwater
Bob Teeter
Dick Thornburgh
Pennsylvania
Edge
Jesse Jackson
Sigmund Freud
Supreme Court
Grady
Berry's
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