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To: Ahda who wrote (61141)11/16/2000 1:33:08 PM
From: long-gone  Read Replies (1) | Respond to of 116762
 
Gold sux:
'Chads' Found on Floor of Ballot Counting Room

(CNSNews.com) - Police in Broward County, Fla., collected 78 "chads" found on the floor of a room where the manual recounts are taking place, wire services reported Thursday. The chads, bits of paper punched out of ballots when votes are cast, were found on the floor by Republican observers, who asked deputy police officers to collect them as possible evidence. ''This is what we expect,'' said Republican County Elections Supervisor Jane Carroll, although there's no indication that anyone deliberately "liberated" the chads. Some observers say the more the ballots are handled, the more chads are likely to break loose. Vice President Al Gore gained seven additional votes in Broward County, Fla., as of 9:45 a.m. Thursday, with 45 out of 606 precincts reporting results, according to press reports. The full manual recount is proceeding, despite an announcement from Secretary of State Katherine Harris that she would accept no additional manual vote totals. If the current trend continues, Al Gore could pick up an approximate total of 150 additional votes in that county alone. Bush currently leads Gore by 300 votes in Florida, excluding outstanding overseas absentee ballots.
cnsnews.com; Found on Floor of Ballot Counting Room



To: Ahda who wrote (61141)11/16/2000 3:21:51 PM
From: long-gone  Read Replies (2) | Respond to of 116762
 
Nov. 14, 2000, 9:41PM

FDIC warns that too many loans for property deals threaten banks

Bloomberg Business News

WASHINGTON -- Banks are facing increased risk from real estate loans, Federal Deposit Insurance Corp. Chairwoman Donna Tanoue warned Tuesday.

"The FDIC is especially watchful of steadily increasing volumes of construction and development loans and commercial real estate loans," Tanoue told members of the Risk Management Association in Nashville.

Problems in the commercial real estate market contributed heavily to the banking crises in the United States in the early 1990s and in Asia during the late 1990s, she added.

The speech was part of an agency campaign to alert banks to rising economic risks. It has already warned that banks' syndicated loan portfolios are increasingly vulnerable.

"Conditions are indeed favorable for damage in the event of a downturn," Tanoue said.

"We believe that some banks have developed certain portfolio characteristics that leave them vulnerable to potential softening in local real estate markets."

The agency estimates that 9 percent of banks are "very vulnerable" to an economic downturn.

The percentage of institutions that the agency considered very vulnerable between 1987 and 1995 never exceeded 5 percent, Tanoue said.

The FDIC estimates that another 16 percent of the banking industry is "somewhat vulnerable" to an economic downturn, Tanoue said.

Tanoue said large syndicated loans, which are shared among banks to spread risk, are actually jeopardizing some banks.

Banks with loans concentrated in areas where there is overbuilding are particularly vulnerable, Tanoue said.

The risk to banks is much higher in certain areas, she said.

Nearly 70 percent of the banks in Atlanta have high-risk portfolios and 55 percent of the banks in Portland, Ore., are "very vulnerable," Tanoue said.

In September, the FDIC added Denver; Seattle; Fort Worth;
Jacksonville, Fla.; and Sacramento, Calif., to a list of metropolitan areas at risk from overbuilding.

chron.com