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Discover LudwigExact(45)
The government profits on the interest from the loans.
Cash flows from the loans effectively pay the interest and principal on the bonds.
And it estimates that most of its investors have made a profit from the loans.
Goldman Sachs, meanwhile, must devise a strategy for profiting from the loans.
Despite the high default rate, Corinthian still benefited from the loans.
So far, Enron's bankruptcy has not resulted in any losses to taxpayers from the loans to Enron projects abroad.
Similar(10)
Uneximbank had benefited from the loans-for-shares scheme to acquire, for next to nothing, Russia's fourth-biggest oil firm and its biggest nickel producer.Unhappily, Uneximbank went on to buy the publishing firm that paid the $450,000 advance to Mr Chubais and his colleagues.
Helpline and the other participants then skimmed $2.3 million from the loan money, the lawsuit said.
The Shaughnessy's agree to lend Hagerty money and deduct Kathleen's salary from the loan.
The company could use leftover cash from the loan for other corporate purposes.
The department points to several successful investments from the loan program.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com