Word: loaned
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...conducted in Pakistan last fall showed President Asif Ali Zardari enjoying only a 19% approval rating, two percentage points higher than that of his predecessor, Pervez Musharraf, just before the general stepped down. And that was the situation before the government was forced to apply for a $7.6 billion loan from the International Monetary Fund (IMF) in order to avoid defaulting on its debt - a loan that stipulates an end to subsidies and an increase in taxes, which could further diminish the government's popularity. For now, the IMF loan has helped stabilize the economy, but the Pakistani rupee...
...result was an environment in which official Washington seemed to believe that no home loan could be a bad home loan. "What we did and what we started was not just to push banks to make marginal loans, but to give them an excuse and to give them regulatory cover," he said. "Countrywide became HUD's poster child for what a good lender was like...
Cerberus is already slated for dilution under the terms of the government bridge loan, agreed to in December. The bridge loan gives the U.S Treasury warrants to purchase 5% to 15% of the Chrysler shares now in the hands of Cerberus. Fiat will eat further into the Cerberus stake, and it also has the option of tapping into Daimler AG's remaining stake in Chrysler as a way to build its stake to 55%, according to Rebecca Lindland of the consulting firm of Global Insight...
...time since rumblings about Chrysler's imminent collapse have been circulating among analysts and suppliers for weeks. In addition, there were doubts that Chrysler would be able to put together a credible viability plan by the end of March as required under the terms of the federal bridge loan. Without the next installment of the bridge loan, which will be distributed next month, there is a very good chance Chrysler could run out of cash...
Buchanan's forecast for China's GDP growth in 2009 is among the most bearish: 6%. If he's right, that would be the lowest rate since 1990. But the data released Thursday did show some unexpected signs of life. Industrial production revived slightly in December, and loan growth surged. Merrill Lynch said in a report that the fourth quarter of 2008 and this current quarter could be "the trough of this growth cycle," as government stimulus and loose monetary policy begin to boost domestic demand. The data gave enough hope to Credit Suisse's Tao to convince...