Word: loaned
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...1930s there were people who made fortunes. If you're willing and able to do the homework I'm sure you'll find some great opportunities. But the only area of the world economy I know of where the fundamentals are improving are commodities. Many farmers cannot get loans for fertilizer now. The inventories of food are the lowest they've been in decades. Nobody can get a loan to open a mine, so it's going to be at least 15 years before you're going to see any new mines opening up. The world's known oil reserves...
...when a participating servicer changes the terms of a first mortgage, it will also have to reduce the interest rate on the second lien - to either 1% or 2%. The government will pay for half of the loss incurred by the loan owners, from the $50 billion bucket of money it had already pledged to housing-rescue programs. Mortgage servicers will be paid to make the change, and homeowners have their first-mortgage principal reduced as long as they stay current - by up to $250 a year for five years...
During the first few weeks of April, Chase Home Finance, a division of JPMorgan Chase, initiated some 10,000 loan modifications under the Adminstration's plan. But that was at a slightly lower pace than what the company had been doing under its own modification initiatives. "We're working through the pipeline and we're going to see much bigger numbers," says spokesman Tom Kelly. "There are financial incentives now for everyone to make this work. It's a huge stride over what was already out there...
When Acco Brands, an office-supply company that makes products like Swingline staplers, imposed a massive 47% pay cut for six weeks, it established an emergency-loan program for employees who couldn't make ends meet on a shrunken paycheck. "It impacts standard of living," says Truman Bewley, an economist at Yale who has studied the ways companies cut back during recessions. "People don't quickly forget...
...ultimately the way these guys operate is the way it is in Mexico.” The city bears many wonders for them—free SUVs and beautiful supermodel girlfriends, among them—but it also brings a host of dangers: corruption, luxury, vices, and unsavory loan sharks. And from the sprawling metropolis of Mexico City to the rural banana-farming communities of the state of Oaxaca, the movie depicts Mexico in a variety of contrasting locales. One great challenge was to film the final soccer match, which is played out in Estadio Nemesio...