"The margins here are really a function of alternative financing opportunities," John Remondi, Sallie Mae president and chief operating officer, told investors in January.
So let's think about the core function of finance.
"The most common misconception about asset allocation is that it's a function of your age," says William Droms, a finance professor at Georgetown University and partner in Droms Srauss Advisors.
The results suggest increased plural healthcare utilization, inequitably distributed between rural and urban areas, is largely a function of higher SES, better ability to finance healthcare and factors related to poor quality of care in ART clinics.
Increased plural healthcare utilization, inequitably distributed between rural and urban areas, is largely a function of higher socioeconomic status, better ability to finance healthcare and factors related to poor quality of care in ART clinics.
His success in New Jersey has been a function of his ability to focus unwaveringly on the state's finances.
The core functions of finance are allocating capital, managing risk, running an efficient payments mechanism, all at low transaction cost.
In other words, it had nothing to do with the legitimate functions of finance.
The failure of Lehman Brothers turned the rich world's credit crunch into a global calamity, as the international banking system came close to collapse and even the most basic functions of finance, such as trade credit, seized up.
Reexamine the functions of finance and banks.
