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Bad Loans at G.E.
Facebook is securing loans at a particularly advantageous time.
Payday lenders offer short-term loans at astronomical interest rates.
Mr. Bullitt could not get construction loans at first.
Two other banks offered loans at 7.25 and 7.7percentt.
Convert these to fixed-rate loans at the starter rate.
But banks need not carry ordinary loans at market value.
By comparison, the Federal Deposit Insurance Corporation reported that noncurrent loans at insured institutions reached a record of almost 5.4 percent of loans at the end of 2009.
Grameen America dispenses with the advice and makes smaller, less formal loans at a lower cost.
In many cases, the agencies had not collected on the loans at all.
My colleague M.S. provides a possible defence of such loans at Democracy in America.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com