Word: principall
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Yang signaled that China was willing to work with the U.S. on trade, human rights and reducing carbon emissions. And Clinton's emphasis on discussion and consultation has thus far resonated with China. "I think in principal China wants the Obama administration to adopt a cooperative approach to dealings, rather...
Those attempts to avoid moral hazard, though, might make the plan less effective in stemming the tide of foreclosures. "This goes a long way but not far enough," says Bruce Marks, who runs the Neighborhood Assistance Corporation of America, a nonprofit that works with servicers to restructure loans. After five...
But many of the same limitations apply to this part of the plan. Only interest payments will be lower, not principal balances. Homeowners who owe more than 105% of the value of their house - as is often the case in the worst-hit areas of the country - will be ineligible...
There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in...
Unlike Geithner's plan, this solution is simple and transparent. It does not require the government to price complicated derivatives. It requires only one decision: by what uniform percentage principal should be reduced. And unlike all of the other plans out there, it does not require significant government spending. It...