Word: lended
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Dates: during 2000-2009
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...possible that amid the current credit crisis, banks have been unwilling to lend money for this trading operation. More likely, though, is that there is limited access to infrastructure for storage. A bank or hedge fund with no such infrastructure has to jump an enormous barrier to entry in order to set itself up for storage - apparently to the point of leasing supertankers...
...Financial firms are built on capital. They take in a dollar, borrow against it and then lend out $3, $4 or $9. Or $30. In the past few years, executives have been using thinner and thinner capital - acquisitions and questionable off-balance-sheet arrangements - to build their money pails. In good times, the more of those cheap sources of capital you use, the more profitable your bank will...
...handle on the true source of the banks' problems. The banking business - at least the way George Bailey practiced it in It's a Wonderful Life - was all about deposits and loans. You take in deposits, on which you pay a relatively low interest rate, say 2%. Then you lend that money to other people at a higher interest rate, say 7%. Pocket the difference. Repeat. But starting in the early 1970s, banks began funding less of their lending with old-fashioned deposits. Bank deposits backed 90% of all loans four decades ago; today they back 60%. Where does...
...subject that can lend itself to bleak conclusions, at least to some Western eyes. In the final scene of "A Spoiled Man," the title character, a gardener's assistant much abused by fate, has died and been buried on his master's land, his tiny cabin picked clean of his possessions. But to Mueenuddin, who imbues this character with a strong sense of resignation and acceptance, it's not an unhappy ending. He sees it as somewhat hopeful. "This is a homeless, landless man who's been thrown out by his family and is bitter and hardened," he says...
...Chapter 11 bankruptcy, and the banks would finance its operations until the shops could restructure. These so-called debtor-in-possession, or DIP, loans kept the company operating. In the early 1990s, for example, Macy's spent nearly two years in Chapter 11. Today, banks aren't keen to lend to anyone, least of all a retailer in miserable shape. (See the worst business deals...