Word: loaning
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Dates: during 2000-2009
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HILLARY CLINTON, snapping at a student who asked during a press conference in Kinshasa, Democratic Republic of Congo, what "Mr. Clinton" thought of a Chinese loan offer to the country. According to State Department officials, the student said afterward that he had meant to ask what "Mr. Obama" thought of the potential deal --AUGUST...
...European Commission's "progress reports" on its efforts, the latest of which underlined privatization and fighting organized crime as priorities for the government. And E.U. officials were pleased with the austere 2010 budget approved by Serbian lawmakers Monday that meets the strict terms of a recent International Monetary Fund loan. Belgrade is also rethinking its military options after neighbors Albania and Croatia joined NATO earlier this year, meaning most of Serbia is now surrounded by the alliance that bombed it in 1999. Serbia has already joined NATO's Partnership for Peace (PfP) program, a cooperation framework for NATO member aspirants...
...March 27, the consortium of banks approved the loan by the narrowest of margins - 50.43%. It proved to be the first step in putting CityCenter back in business. Had it gone under, Murren says, it's "very possible" MGM Mirage would have been brought down too. And the financially reeling state of Nevada, which received so much of its revenue from gaming, would be in "a tremendously damaged position, more so than even we had been this year." Murren calls it the most challenging time of his life - "Had I known we would have survived, I might have enjoyed...
...subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights, less than half of what Citi may have to write...
...Citi's lead. Citi reportedly built up a staff of 50 bankers in the area. But as things started to unravel Citi remained deeply invested in Dubai. In late 2008, just weeks after Citi had received its initial TARP funding from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue warnings that Dubai was the most vulnerable economy in the oil-rich gulf because of its exposure to real estate...