Word: delayer
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Dates: during 2000-2009
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...tricky part is figuring out who will meet their modified payments and who will simply fall behind again. The relapse rate can be quite high, meaning that we'd be spending money only to delay the inevitable. Part of what drives up the redefault rate, though, are changes that don't lower, or may even increase, a borrower's monthly payments. A lender that re-amortizes missed payments over the life of the loan might see doing so as a compromise--but that doesn't mean the mortgage becomes more affordable. That's why the FDIC insists that modifications reduce...
...manage to grab the largest slice of the pie. Another issue that remains very much in the balance is the fate of Beijing's attempt to bolster the country's technological chops by force-feeding the industry a homegrown version of 3G. More broadly, critics say that the long delay in granting 3G licenses - widely seen as an effort to allow more time for the development of China's own 3G technology to compete with established high-speed standards - means that tens of billions of dollars may be spent on networks that will be outdated within a few years when...
...Still, further delay was increasingly difficult to justify. With the country's economy slowing, an upgrade of cellular networks is a way to stimulate growth. "These are exactly the kind of shovel-ready projects that [China] can start work on today, where the money you spend has an immediate impact on jobs," says the executive. Beijing officials have said they expect spending to upgrade networks will add between 0.5 and 1 percentage point to the country's GDP growth...
...Treasury has too much to do. It will delay talking about its new overhaul for banks until Tuesday while it works with Congress to help finalize a new stimulus package which may have a $800 billion price tag. It also has to prepare plans for how it will work with the Fed and FDIC to pull the financial system back together...
...Treasury has too much to do. It will delay talking about its new overhaul for banks until Tuesday while it works with Congress to help finalize a new stimulus package which may have a $800 billion price tag. It also has to prepare plans for how it will work with the Fed and FDIC to pull the financial system back together. (See who's who in Barack Obama's White House...