Dec 24, 2004 16:00
19 yrs ago
English term
S and L
Non-PRO
English
Art/Literary
Poetry & Literature
cInstead of the failed Mcdougal Whitewater speculation simply ending there, it would become subsumed in Reagan¡¯s catastrophic savings and loan disaster, as the new administration demanded complete deregulation and the lifting of restrictions on the federal savings and loans and the Department of Housing and Urban Development---thus licensing the cashstarved Mcdougal virtually to print money via a small bank he bought, and an S and L he then started.
What's the meaning of "and an S and L he then started"?
What's the meaning of "and an S and L he then started"?
Responses
| 5 +6 | savings and loan |
pidzej
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| 5 +3 | Savings and Loans . . . |
Java Cafe
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| 5 +1 | savings and loan |
Michel A.
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| 5 +1 | a savings and loan |
bigedsenior
|
Responses
+6
1 min
Selected
savings and loan
it's all there in your context!
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Note added at 2 mins (2004-12-24 16:02:42 GMT)
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and what he started must have been an S&L association (SLA)
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Note added at 3 mins (2004-12-24 16:03:48 GMT)
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savings and loan association: a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called building and loan association, cooperative bank; Brit., building society. (Random)
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Note added at 4 mins (2004-12-24 16:04:31 GMT)
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started = set up, just in case
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Note added at 2 mins (2004-12-24 16:02:42 GMT)
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and what he started must have been an S&L association (SLA)
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Note added at 3 mins (2004-12-24 16:03:48 GMT)
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savings and loan association: a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called building and loan association, cooperative bank; Brit., building society. (Random)
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Note added at 4 mins (2004-12-24 16:04:31 GMT)
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started = set up, just in case
4 KudoZ points awarded for this answer.
Comment: "Thank you very much!"
+1
5 mins
Michel A.
Works in field
+3
2 mins
Savings and Loans . . .
. . also often written abd Savings & Loans, abbreviated as S&L.
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Note added at 3 mins (2004-12-24 16:03:49 GMT)
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Read here for one account of the scandal asscociated with the US S&L industry:
http://home1.gte.net/res0k62m/savings.htm#doomed
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Note added at 6 mins (2004-12-24 16:06:25 GMT)
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Read here for one account of the scandal asscociated with the US S&L industry:
http://home1.gte.net/res0k62m/savings.htm#doomed
--------------------------------------------------
Note added at 3 mins (2004-12-24 16:03:49 GMT)
--------------------------------------------------
Read here for one account of the scandal asscociated with the US S&L industry:
http://home1.gte.net/res0k62m/savings.htm#doomed
--------------------------------------------------
Note added at 6 mins (2004-12-24 16:06:25 GMT)
--------------------------------------------------
Read here for one account of the scandal asscociated with the US S&L industry:
http://home1.gte.net/res0k62m/savings.htm#doomed
Peer comment(s):
| agree |
Kim Metzger
1 min
|
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Thank you.
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| agree |
NancyLynn
2 mins
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Thank you.
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| agree |
RHELLER
: major series of scandals - not an isolated case
2 hrs
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Thank you.
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| agree |
airmailrpl
: -
3 hrs
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Thank you.
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| disagree |
Laurel Porter (X)
: Sorry, Java - just had to point out that the "loan" in S&L is singular, not plural. You were so close to tied with pidzej!
16 hrs
|
+1
1 hr
a savings and loan
It is necessary to change the "an" to "a", because savings starts with a consonant and ESS starts with a vowel.
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