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The battle has increased pressure for more transparency among the family-run companies in the region and less reliance on name lending — borrowing based on reputation.
The Senate ducks taxes altogether, and chooses instead to fill the budget gap with dicey long-range borrowing based on tobacco receipts.
It was the product of too much borrowing, based on a collective buy-in to two fantastical notions — that the Internet justified endless appreciation of stocks in the 1990s; and, later, that home prices could rise forever.
Everyone played a role: bankers, homeowners, politicians and regulators all chose to ignore reality and believe that borrowing based on expected increases in house values was legitimate.
Aided and abetted by the same brilliant financiers who sponsored fiascoes like the Enron bankruptcy and the subprime mortgage meltdown, it appears as though Greece partook in its own form of accounting subterfuge, masking billions of Euros worth of its debt in currency swaps and securitized borrowing based on fictitious future cash-flows that, per custom, failed to materialize.
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Additionally, Urman wrote the screenplay for the feature film "Something Borrowed" based on the Emily Giffin novel.
Landing a notch below Hanna is Something Borrowed, based on the chicklit novel by Emily Griffin.
Investment banks that buy mortgages require lenders to maintain standards outlining who is eligible for loans and how much they can borrow based on their overall credit history.
Banks, which charge rates based on long-term yields and borrow based on short-term yields, have lower profits than they would have if long-term yields were higher.
When properly done, preapproval can speed up the purchase process by providing a rigorous assessment of the maximum amount a buyer can afford to borrow, based on a formal credit check and verification of income and assets.
The bank instead recommends that borrowers first seek a prequalification, a less rigorous assessment of how much they can afford to borrow based on unverified financial data, though the bank says it sometimes involves a credit check.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com