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The lending plan is also a testament to years of work by Lee Schipper, the longtime analyst of transportation options, costs and benefits (and a co-founder of the Embarq program) who passed away last year.
The unexpected loss of the Massachusetts Senate seat has given opponents of the lending plan an opportunity that seemed unlikely last September, when the House approved legislation to move to a federally-sponsored loan program.
Mayor Daley's proposal has strong support on the City Council, said Alderman Theodore Thomas, who has his own antipredatory lending plan pending before the council but said he would support the mayor's plan.
Bank lending plan: How will it work?
Wall Street continues to embrace the Federal Reserve's latest lending plan to alleviate the pressure on debt markets, but also does not view the strategy as a magic bullet for the seized up credit landscape, merely as a step in the right direction.
Such tactics commonly result in half of those contacted changing some part of their private lending plan, a figure Blaisdell views as a tremendous victory.
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Yale Law School has kept its dog-lending plan so quiet that some faculty members were not even aware of it.
Central banks still need to heed broken balance sheets that impede lending and plan for and guard against uncertainties arising from any policy change, the IMF chief said.
Treasury insiders said work on last week's measures to boost bank lending meant planning for the budget had only just started and that no precise plans had yet been made.
Churchill won Wilkie over to the lend-lease plan.
Lending Club plans to announce on Thursday that Google led a $125 million deal to buy a stake in the company from existing investors.
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