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Ireland's campaign to cut the interest rate charged on its bailout loans appears deadlocked, with France and Germany still determined to extract a concession from Dublin in return.
But Whitehall's accounting conventions mean not one penny of student loans appears in the figures for the country's deficit, which is Osborne's primary mission to eradicate.
However, a regulatory clampdown on the payday loans sector – led by a cap on the overall cost of loans – appears to be benefitting vulnerable borrowers.
Banks were telling the Federal Reserve for several quarters that they were becoming a little more generous in extending consumer credit, and the rise in nonrevolving loans appears to bear that out.
The linchpin of the loans appears to be China's thirst for oil, with the China National Petroleum Corporation, or C.N.P.C., agreeing to form a venture with Venezuela's national oil company to explore for oil in southern Venezuela.
The administration's latest approach of guaranteeing loans appears to be intended to give the servicing firms an incentive to modify loans in ways that they may have been reluctant to do so far.
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The vast majority of the loans appear to have gone to Kabul Bank's sixteen shareholders.
Mr. Cole of DePaul said the projected losses on loans appeared too low for the severity of the imagined cases.
Enron made use of similar financings, she said, to raise cash without the loans appearing on its books.
As rates slowly creep down even further, however, shorter-term loans appear to be staging a comeback.
Enron made use of off-balance-sheet financings to raise cash without the loans appearing on its books.
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