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He attributed the situation to banks that granted easy credit, cargo companies that ordered too many vessels and investors eager for the tax-free profits that were part of the allure, thanks to German law.
Besides the annual stipend, Ebbers was granted easy terms on a $408 million loan.
The company, with Walter Pavlo's copious assistance, granted easy credit to dozens of fly-by-nights looking to lease its lines and resell service to businesses and consumers.
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A year after they were left off a list of Balkans nations granted easier access to most of western Europe, Albania and Bosnia and Herzegovina won the concession Thursday and were praised for upgrading the security of their passports and tightening borders.
Some passengers were obsequious; others friendly, casual, parental or even flirtatious — whatever they believed would grant easy passage.
As the tale of woe at Eurasian Natural Resources Corporation ENRCC) develops – the Serious Fraud Office this week launched a criminal investigation into allegations of corruption – the City's policy of opening its doors to all-comers and granting easy entry to the supposedly blue-chip FTSE 100 index can be seen to be a disaster.
It would grant easy access to welfare.
To better protect customers' security and privacy, many in the tech industry oppose creating any security backdoor or means of granting easy access to such data.
Chris Adams (@chrisadamsmkts) By holding Greek bonds longer, ECB would be extending terms of repayment - effectively admitting loss and granting easier repayment terms September 11 , 20123.46pm BST More from Portugal's Vitor Gaspar.
Athens is racing to push through economic changes that it hopes will persuade its private sector creditors to grant easier debt repayment terms and will prompt Europe to release 130 billion euros, or $171 billion, in the next round of bailout money it needs to avoid defaulting on bond payments due in March.
In April the two countries signed a co-production treaty granting easier access to public financing and to each other's audiences.Amanda Nevill, chief executive of the BFI, says some British film-makers have been sceptical about this pivot to China.
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