Word: loans
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Dates: during 1950-1959
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Meanwhile, the cost of consumer loans was sharply rising. In New York, First National City Bank posted a new schedule of charges keyed to the rising cost of money. A representative change: the buyer of a car hereafter will pay the equivalent of 7.8% interest for a bank loan instead...
...Fund quickly lent Britain $561.5 million. This, plus stern measures to cut spending, enabled Britain to stabilize its currency so successfully that it has al ready paid back $200 million of the loan...
...France. Weakened by the wars in Algeria and Viet Nam and poor fiscal management, France was close to financial collapse when Jacobsson hustled to the rescue. He arranged a package of $655 million in credit from the Fund, the European Payments Union and the U.S. With the loan went some detailed recommendations on how France could put its fiscal house in order. It did so well that after De Gaulle came to power he was able to devalue and stabilize the franc. At other times, Jacobsson rescued the Danes, Dutch, Japanese, Turks, Spanish, Peruvians, and Argentines...
Each goes off to his respective misery: Miya becomes the chattel of her husband and his mistress, and Kan-ichi a flunkey for "the notorious female loan-shark Akagashi." They are reunited only after Kan-ichi loses his money and Miya attempts suicide. The world, in this case, is well lost...
Clark is a top money finder because he knows which insurance companies, savings banks, pension funds, or other sources have funds to loan, how much interest they want, and how to tailor each loan application to appeal to the loan-fund manager's personal preferences in collateral. For his services in introducing lender and borrower, Clark collects 1% of the gross proceeds of each loan. Sometimes, when an extraordinarily difficult piece of work is involved, he may raise his fee to 2% or more (the maximum: 5% of the amount of the loan). As a money finder...