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On top of this, leaders also agree to establish the European Stability Mechanism (ESM), a permanent fund with 500bn euros to lend to replace both the EFSM and the EFSF, by 2013.
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But after mulling the issue for months, Representative George Miller, the California Democrat who is chairman of the Education Committee, now plans to introduce legislation next week that would rely on direct government lending to replace the federally subsidized loans made by private banks.
It would lend to banks.
"You can lend to one friend.
Which of them would you lend to?
No one would lend to them.
It would lend to support Germany.
Did banks lend to the companies?
Lend Lease plans to replace it with a number of public and private flats, but like most developers in these scenarios, it will put up new housing in phases: wait for one block to sell before building more.
Carrington Capital Management, a $1 billion hedge fund specializing in mortgages, is trying to persuade its investors to lend it up to $200 million to replace bank loans, in the latest sign of concern about banks pulling credit lines to hedge funds, The Financial Times reported.
Permissible charges include those for optional attendance at school-sponsored activities, for food served to students, for replacing books lent to students that they fail to return and for art materials if students take home what they make.
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