Word: repays
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...Yunus said his own goal was different. “Out of desperation, I forgot about those theories,” he said. Yunus loaned his own money to 42 debtors during a 1974 famine in Bangladesh, asking only that “they concentrate on their work and repay me when they could...
Back in Colorado, people are reacting. This summer, three laws went into effect that, among other things, require anyone selling a home loan to make a reasonable inquiry into the buyer's ability to repay it. In recent years, as a growing percentage of loans have been generated by brokers rather than the banks that ultimately owned the mortgages, best interests have been at odds: brokers can make more money with higher-rate loans, even if buyers qualify for a better deal. And that doesn't even touch the lending arms of home builders, which come with their own special...
...region can handle the adjustment without too much pain, especially if they take the stiff medicine of currency appreciation and shift to a policy of increased domestic demand. The danger will occur if the U.S. slumps badly, hurting Chinese exporters so much that they can no longer repay their loans. That's when we'll find out whether the hundreds of billions of dollars pumped into the Chinese banking system have bought the stability Chinese leaders expect...
Consider what happened the first time the nations of the Persian Gulf found themselves in a dollar gusher, during the oil crises of the 1970s. They handed back much of that money to Western banks, which loaned it out to developing countries that couldn't repay it. Then, in the late 1980s and early 1990s, Japanese firms recycled their dollars by investing in trophy U.S. properties, including Rockefeller Center and the Pebble Beach resort. Both those deals ended in bankruptcy for the acquirers...
...feds tried to cut out the middlemen in 1994 by letting students at participating schools borrow directly from the Treasury. But private lenders have held on to nearly 80% of the market by improving service and offering discounts for such things as on-time repayment. Knowing that many students choose the first entry on a school's list of "preferred lenders," lots of colleges have used these lists to get lower rates for more borrowers, and some lenders have tacked on revenue-sharing deals. "We believed it made good sense to use money that would otherwise go into Citibank...