Word: loan
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...That's already happening as the IMF assumes its more traditional function of providing funds to cash-strapped nations confronting turmoil. Late last week, for example, the organization struck a tentative agreement to extend Iceland a $2 billion loan; similar accords are expected to be made with other countries badly in need of economic stability amid the current upheaval, including Hungary and the Ukraine. Nations with more stable economies that are badly hurting for access to foreign currency like South Korea and Brazil, meanwhile, may also soon turn to the IMF for help...
...across the country and thousands of blue and white collar jobs. GM, which has been fighting rumors of bankruptcy since mid-summer, has had a hard time lining up the financing that would be needed for any deal with Chrysler, even though the U.S.Congress recently approved $25 billion in loan guarantees. In the meantime, GM is going through about $1 billion in cash a month, a situation that it can manage for the moment but not forever, according to analysts...
...Mandelson twice served in Blair's Cabinet and twice resigned over imbroglios with rich men. He stood down in 1998 after taking a loan from a millionaire colleague to buy a posh house and left government a second time in 2001 after claims, fiercely denied and later dismissed by an enquiry, that he improperly intervened to help a mega-rich Indian entrepreneur seeking British citizenship...
...standards of credit unions, which tend to have much lower delinquency rates than banks, those figures are worth bragging about, but Unitus CEO Patricia Smith isn't standing idly by. Three weeks ago, she hired the credit union's first work-out specialist to start pouring through loan data and making pre-emptive calls to people who might need help - the sort of down-home, we-care solution credit unions sell themselves...
...publicly called RealtyTrac's numbers--which put Colorado near the top of the list of states with foreclosure problems--"ridiculous and irresponsible." "It was devastating Colorado in terms of consumer confidence and mortgage lending into the state," she says. The Mortgage Bankers Association, which releases well-watched loan-default data of its own, came out swinging as well, with the trade group's chief economist complaining that the firm was "damaging the industry...