Word: loaned
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...that amount may not be enough to finance a post-merger restructuring of Chrysler. GM is also publicly committed to delivering the new electric Volt automobile before end of 2010 and closing Chrysler plants and technical centers to save cash could violate the spirit of $25 bilion in loan guarantees approved by Congress last month to help American carmakers rebuild - and which emphasized job creation and preservation in the industry...
...Jewish ethical thought flows out of Leviticus 19:14, which reads "Thou shalt not curse the deaf, nor put a stumbling-block before the blind." From an early date, rabbis expanded this into a general prohibition on bad advice. In time, it became part of the language specifically regarding loans, mostly regarding the need for witnesses. But Diamond says it now applies to the whole loan debacle and "any expert who tells someone who probably shouldn't take out a mortgage 'you'll be able to do it, no problem.'" There are a lot of financially "blind" people out there...
...mortgage crisis is guilty: predatory brokers for not alerting working-class borrowers to the fine print; middle-men selling mortgage debt to investment banks sliced and diced into "tranches" that obscure their riskiness; bankers who used hard-to-fathom financial instruments that leave ultimate responsibility for a loan a mystery even to experts. Like many observers, Levine is particularly exercized about credit default swaps, a largely unregulated field since 2000.) And anyone who willfully ignored the fact that real estate prices must eventually come down...
According to a Westminster source, the British government urged Iceland to apply to the International Monetary Fund for assistance. Instead, Iceland is negotiating a loan from another country accustomed to being regarded as the bad guy by Britons: Russia. With relations between Moscow and London in a deep freeze since the 2006 murder of former Russian spy Alexander Litvinenko, the display of Russian-Icelandic amity helps confirm Reykjavik's status as a British bogeyman. That won't worry the British government at all. In times of crisis, it's good to have friends, but it's even more useful...
...bailout home in simple language: "Well, Oliver, first, let me tell you what's in the rescue package for you. Right now, the credit markets are frozen up, and what that means, as a practical matter, is that small businesses and some large businesses just can't get loans. If they can't get a loan, that means that they can't make payroll. If they can't make payroll, then they may end up having to shut their doors and lay people...