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BUSINESS
August 6, 1991 | From Times Staff and Wire Reports
Miami Bank May Be in Trouble: Southeast Banking Corp. is borrowing funds from the Federal Reserve Bank of Atlanta, a sign that the Miami-based company may have liquidity problems, sources said. Banks that have short-term funding problems can borrow from the Federal Reserve if they put up assets as collateral.
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BUSINESS
August 6, 1991 | From Times Staff and Wire Reports
Miami Bank May Be in Trouble: Southeast Banking Corp. is borrowing funds from the Federal Reserve Bank of Atlanta, a sign that the Miami-based company may have liquidity problems, sources said. Banks that have short-term funding problems can borrow from the Federal Reserve if they put up assets as collateral.
BUSINESS
August 26, 1990 | BRIAN MURPHY, ASSOCIATED PRESS
Kenneth M. Good wore a jogging suit the night he clinched one of the biggest land deals of his high-flying career. It was January, 1985, and Good was racing in fast times. The savings and loan money machines were in overdrive, real estate was hot, and Florida swarmed with speculators who had cash or knew how to get it. Good swaggered into town from Denver and pledged nearly $38 million cash for 5,400 acres of Spanish moss-draped woodlands north of Tampa.
BUSINESS
May 6, 1990 | MIKE CLARY, SPECIAL TO THE TIMES
For 35 years, General Development Corp. sold the American Dream, gilded with Florida sunshine and sliced up into lots just the right size for a three-bedroom house. With an aggressive sales force of 3,000, GDC literally roamed the globe in search of customers who could be seduced by low monthly payments and a rosy picture of the good life that beckoned in communities with names such as Silver Spring Shores and Port St. Lucie.
BUSINESS
August 26, 1990 | BRIAN MURPHY, ASSOCIATED PRESS
Kenneth M. Good wore a jogging suit the night he clinched one of the biggest land deals of his high-flying career. It was January, 1985, and Good was racing in fast times. The savings and loan money machines were in overdrive, real estate was hot, and Florida swarmed with speculators who had cash or knew how to get it. Good swaggered into town from Denver and pledged nearly $38 million cash for 5,400 acres of Spanish moss-draped woodlands north of Tampa.
BUSINESS
May 6, 1990 | MIKE CLARY, SPECIAL TO THE TIMES
For 35 years, General Development Corp. sold the American Dream, gilded with Florida sunshine and sliced up into lots just the right size for a three-bedroom house. With an aggressive sales force of 3,000, GDC literally roamed the globe in search of customers who could be seduced by low monthly payments and a rosy picture of the good life that beckoned in communities with names such as Silver Spring Shores and Port St. Lucie.
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