Word: bigs
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Dates: during 2000-2009
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...list of firms expected to get HAMP subsidies reads like a Who's Who of major subprime lenders and loan servicers, including financial institutions that have already received big bucks in the government's bank bailout. Countrywide, which is now owned by Bank of America and was one of the country's biggest subprime lenders, may receive up to $5.1 billion in incentive payments to modify loans...
...bankruptcy judge would be given carte blanche power to modify a loan by lowering the interest rate, reducing the principal amount or extending the term of the loan to make the monthly mortgage payments more affordable to the troubled homeowner. Under this program, firms would not get the big subsidies, since the judge would be acting unilaterally in modifying the loan. (See how Americans are spending...
...been under pressure from the government's auto task force to cut brands, and Pontiac, one of the brands sacrificed as GM restructured, was a big customer of the NUMMI facility. Toyota pleaded with GM to stay in the venture and offered to build other vehicles at the plant for GM, but to no avail...
Some analysts argue Magna is making a big mistake if it acquires Ruesselsheim-based Opel and its European subsidiaries, which employ 50,000 workers, most of them in Germany. "A third of the parts companies out there are in trouble right now," says Toronto analyst Dennis DesRosiers of DesRosiers Automotive Consultants. "This is an unprecedented opportunity for Magna to build its core business...
...hope that a bipartisan group of six members of the Senate Finance Committee will come up with a bill as well. But support for the entire exercise is dropping in the polls, especially among independents and older Americans. Increasingly, Democrats are talking privately of the need for a big September relaunch...