Word: interesting
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...been described so far, the principle of home loans will not be adjusted. A mortgage with a $300,000 balance will not become a mortgage with a $200,000 balance. The government will set up programs to make the monthly payments on the mortgage more affordable, particularly by dropping interest rates...
...There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in which part of a mortgage's principal is deferred to the end of the loan's term...
...outgoing enforcement chief, Linda Thomsen, said Stanford promised "improbable and unsubstantiated high interest rates" allegedly earned through a unique investment strategy. The bank purportedly achieved double-digit returns on its investments during the past 15 years...
...also holds law and business degrees from Harvard; and former New Hampshire Republican Senator John E. Sununu, a Business School graduate. Moss said he had been contacted by a number of government officials intrigued by his ideas. “There’s been a significant amount of interest, and it strikes me as very positive and healthy,” he said. However, Sununu and the panel’s other conservative, Rep. Jeb Hensarling, a Republican from Texas, objected to the paper’s conclusions. In a dissent to the report, they argued that guaranteeing insurance...
...Banks lend money to one another and charge interest in the process. The risk of borrowing from a firm owned by the government should be extremely low. Borrowing from a U.S. regional bank is, on paper, more risky. All inter-bank borrowing would almost certainly move toward taking money from the firms backed by the government balance sheet. Interbank lending among private banks could disappear...