Word: loaning
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Investors could purchase these contracts directly from such dealers as Merrill Lynch or J.P. Morgan, or the dealers could arrange for swaps between investors; either way, the dealer got a fee. Such transactions could take place anywhere. A Texas manufacturer with a $1 million fixed-rate loan who suspected that interest rates would soon fall could swap the loan with a Michigan company that had taken out a floating-rate note but was worried that rates were headed higher. The Texas firm would be the loser if rates did rise, since after the swap it would hold the floating-rate...
...instruments, they can be used to excess. But they can also be used for extremely beneficial purposes." It will be up to watchdogs in government and on Wall Street to ensure that the beneficial side of derivatives prevails, and that they do not follow pyramid schemes and savings and loan deals into the lexicon of American financial bubbles that burst...
...documents that have since been turned over to special counsel Robert Fiske, investigators for the federal Resolution Trust Corporation last year named the 1984 Clinton gubernatorial campaign committee as a suspect in its criminal probe of the now defunct Madison Guaranty Savings & Loan of Arkansas. According to news reports, $60,500 in funds from the thrift may have been illegally diverted to the campaign with the knowledge of committee officials. The reports also said the documents name Hillary Clinton as a possible witness...
...stock and bond markets (which is no easy job). In extenso, their reasoning goes like this: a strong economy threatens a revival of inflation, at least in the minds of the governors of the Federal Reserve Board. It also means higher interest rates: automatically, because of rising loan demand from business and consumers, but even more because the Federal Reserve is actively pushing up rates to ward off the not-yet-visible inflation. Rising interest rates by definition mean lower bond prices. And falling bond prices pull down stock prices too. "The economy is doing well, and the market...
...President replied to an early question by reducing his estimate of the losses he and Hillary had suffered in Whitewater from the original $68,900 to about $47,000. He had only recently remembered, he said, that the proceeds of one $20,700 repayment of a loan he had taken out in 1981 had not gone into Whitewater. Rather the proceeds of the loan had been used to buy land and a cabin for his mother. His poor memory seemed surprising, since a $20,700 repayment of a loan would have loomed very large then; the next year his salary...