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Now, even state-run banks are doing shadow lending, extending financing to companies in high-risk sectors.
Although the Senate has passed a two-year transportation bill, the House, unable to settle its differences, has simply kicked the can down the road, extending financing for only a few months at a time, a path it took once again this week.
But Randolph points out that Abu Dhabi is extending financing to the Dubai government, not a corporate entity like Dubai World directly.
For the poor that are close to an existing water grid in a city, extending financing to buy last mile connections and toilets can have huge impact in increasing access to services.
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The Liberal Democrats have even suggested that the government should use its shareholding in one of Kraft's lenders, RBS, to block the bank from extending finance to a "predator".
Under a stopgap measure, the current Congress extended financing for government agencies until only March.
During the financial crisis, risk-wary lenders were less likely to extend financing to foreigners.
"This may also result in reluctance on the part of the financial institutions to extend financing for energy efficiency improvements".
Add to that equation lenders' reluctance to extend financing to commercial real estate developers, in general, and hotel builders, in particular.
HERTRICH -- Our strong balance sheet definitely will give us the possibility to extend financing where it's needed and where it's appropriate.
Last week, among various amendments to the budget that mostly addressed technical errors, Mr. Cuomo included a measure that would allow the State Dormitory Authority, which provides construction financing to universities and hospitals, to extend financing to many other state and local-government projects.
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