Word: loan
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...wanted to go to, or when you get there you're worrying every semester about whether you can register, which were ... you know, many kids that I knew felt that way. And when I worked in the University of Chicago, I saw kids like me who were using their loan money to help their parents pay the electric bill, and therefore they'd run out of money for books and couldn't feed themselves over the course of the semester. I saw those kids, right, but they didn't have a parent that said, "Do not look this way with...
...slowly see people slipping through the cracks, you know that there but for the grace of God." She had friends who could have thrived in college, but their parents didn't believe in going into debt to pay for it. "I saw kids like me who were using their loan money to help their parents pay the electric bill, and therefore they'd run out of money for books and couldn't feed themselves over the course of the semester ... So I just keep thinking about those kids who are missing opportunities by a hair, by a breath...
What was different about the recent stress tests was that unlike the usual bank-by-bank examinations, the stress tests looked at all the banks as a group. By aggregating the data, the Fed presumably could make better estimates of what would be the loan losses at the individual banks. The stress tests also looked out two years, instead of the usual one, as regulators gauged if banks could weather a worsening of the economy - where the stress in the name comes from - and not just whether they had enough capital to pay for current losses. Most importantly, the results...
...learned the lessons of creative destruction the hard way, the government still believes it has a critical role to play in industry. Just this month, the fate of Opel, the German subsidiary of General Motors, has been at the top of the political agenda. Government ministers are refusing to loan the billions the carmaker says it needs to survive - and even imposing conditions on would-be buyers, which include Fiat. (See the 50 worst cars of all time...
...rates is also a challenge to bank earnings and balance sheets. If the government could have kept hundreds of thousand of mortgage holders in their houses, banks would keep at least some of the income for the properties. Those same banks now face large write-offs on their home loan portfolios which may make the recovery of the financial services industry even more difficult than it already...