Word: loaned
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...Saving homeowners is far from easy. The original Bush plan, FHASecure, which involved the government refinancing people into lower-interest loans, has thus far helped only about 387,632 borrowers. A subsequent plan to identify borrowers in trouble and modify their loans has been more successful. As of October, the Hope Now Alliance says it has helped 2.3 million borrowers stay in their homes. But only a third of those homeowners actually got loan modifications. The rest got some kind of short-term fix from their lender, such as forgoing a missed payment or giving a few months' reprieve...
...Less obvious is the support the dollar is getting from an unlikely quarter: global hedge funds and other nonbank financial entities. This shadow banking system has borrowed trillions of dollars to leverage its investments. But the crisis has triggered massive early loan repayments, and because these loans must be repaid in the U.S. currency, demand for the dollar has increased, driving up its value. It's not just hedge funds that are affected. Foreign banks, which hold $12 trillion in dollar assets and liabilities, are also in the process of deleveraging...
...government should provide the $700 billion as loans to companies that want it - which would have to be repaid with interest to the Treasury. To qualify for such a loan, the receiving company should be barred from granting executive bonuses or paying dividends to investors until the loan (and interest) is repaid. This would infuse the needed money into the system and free up credit markets. But in the long run, it would cost taxpayers nothing. Robert P. Hebbel, North Oaks, Minn...
...government should provide the $700 billion as loans to companies that want it - which would have to be repaid with interest to the Treasury. To qualify for such a loan, the receiving company should be barred from granting executive bonuses or paying dividends to investors until the loan (and interest) is repaid. This would infuse the needed money into the system and free up credit markets. But in the long run, it would cost taxpayers nothing. Robert P. Hebbel, North Oaks, Minnesota...
...most powerful Republican on Capitol Hill. A businessman who twice failed to become Kentucky's governor, Democrat Lunsford seemed not much of a match for minority leader Mitch McConnell, who has spent 24 years in the Senate. McConnell's campaign has raised nearly $18 million, while Lunsford had to loan $5.5 million to his. But where polls as recently as mid-September were showing Lunsford running 13 or more points behind McConnell, several since then suggest the race is a dead heat, and the national Democratic Party has begun pouring TV money into a state it had all but written...