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One advantage was JPMorgan's strength as a lender, having helped create a credit facility that provided Facebook with ample cash.
It should create a credit system that benefits individuals, small enterprises and the private sector, rather than just state-owned enterprises.
He worked with Federal Reserve Chairman Ben Bernanke to create a credit facility that enabled the insurance corporation American International Group, Inc. (AIG), to avoid bankruptcy.
GM said it had asked the auto task force to create a "credit insurance program" to guarantee up to $4.5 billion in payments to suppliers through 2011.
The major credit bureaus — Experian, TransUnion and Equifax — use information in the reports to create a credit score, which lenders use to decide if you are a good candidate for a loan and what interest rate you qualify for.
Budget Minister Cristóbal Montoro said Tuesday that the government would create a credit line and advance about $10 billion to the regions, money they were not scheduled to get until later in the year.
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Interest rates are held at too low a level, creating a credit boom.
THE new law also created a credit for lower-income taxpayers who contribute to retirement plans.
By preventing methane from escaping into the atmosphere, Bunge creates a credit which it can sell on the carbon market.
A few weeks ago, the government created a credit squeeze that made it difficult for banks to conduct short-term borrowing.
The agency warned that a bank run might also be in the offing, noting that "accelerated deposit withdrawals from Greek banks had created "a credit concern".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com