Line Of Credit
Eying mega Soviet equipment market, Euro-bankers throw long credit line. (loans exceeding $5 billion earmarked to modernize food ): An article from: Quick Frozen Foods International [H] [T] [M]
(Digital) E.W. Williams Publications, Inc. 1989-01-01
Release date: 2005-07-28
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Christmas presents for bankers | Dean Baker | A Great President
The US financial sector drove the economy into a ditch, and the White House is still throwing piles of cash at the problem
On Christmas night in 1776, George Washington led a surprise attack on a group of Hessian mercenaries employed by the British to suppress the American revolution. This was one of the biggest military victories of the Revolutionary War.
In the same spirit of surprise, the Obama administration announced on Christmas eve that it was removing the $400bn cap on Fannie Mae and Freddie Mac ’s access to the US Treasury. The new draw is limitless. It also announced that the chief executives of the two government-controlled mortgage giants would be getting compensation packages worth $6m a year. This was another big blow for the financial sector in its effort to sap every last cent from the productive economy.
...News
Credit crunch: Home equity lending evaporatesChicago Sun-Times - Dec 29, 2009
A rise in home-equity defaults can be particularly painful for a bank. That's because the primary mortgage lender is first in line to get repaid after the and more »The Guardian - Dec 29, 2009
However, the bottomless line of credit for Fannie and Freddie could prove to be the biggest pot of gold of all. Fannie and Freddie both collapsed in and more »Philadelphia Inquirer - Dec 29, 2009
According to biologists, evolution has ensured that investment bankers 50 and over are especially attractive, so he fits the bill. and more »Chicago Sun-Times - Dec 26, 2009
Record-low mortgage rates, but many can't refinanceThe lender might refuse to subordinate, or if you have a line of credit, the lender might come back and say they'll subordinate the loan -- but only if you and more »Philadelphia Inquirer - Dec 25, 2009
Mallory Duncan, the federation's general counsel, says the Fed erred when it clamped down on checkout-line instant credit while devising rules to implement and more »Santa Cruz Sentinel - Dec 22, 2009
eCreditDaily.comThe bank approved a $100000 line of credit enabling her to extend 60-day terms to larger vendors like Sports Chalet and Scheels. "Having this extra room in Banking on Job Growthall 111 news articles »
Huffington Post (blog) - Dec 30, 2009
Taxing Wall Street's Bonuses Should Focus On ClawbacksAs pointed out in the NYTimes' editorial this catalog of excess is the result of "the way America's voracious bankers leveraged hundreds of billions in and more »