Automotive executives and others also claimed that the Advanced Technology Vehicle Manufacturing loans, which were earmarked for new, fuel-efficient vehicles, dried up amid the bankruptcy of Solyndra, the solar-panel maker.
The newspaper Süddeutsche Zeitung published a leaked report from the supervisor BaFin in late April that said German banks held 816 billion euros ($1.15 trillion) in troubled assets, other loans and investments earmarked for disposal.
Of the $700 million, $396 million is earmarked for loans and grants to small businesses.
And though the loans are thinly traded, there can be activity: A White House decree in late March that confiscated all Iraqi official accounts in the U.S. sparked fears that money that could be used to repay the old loans would instead be earmarked for postwar reconstruction projects.
About $120 million of that is earmarked for loan modifications, primarily in the form of principal reductions on first- and second-lien mortgages.
The strategy I propose would redirect a portion of the funds earmarked for loan modifications under the Making Home Affordable Plan (MHAP) and use them instead to fund the installation of solar photovoltaic (PV) panels on the roofs of a segment of distressed homeowners.
There are a number of loans and even investment funds earmarked for women-owned companies, but that hasn't brought the capital available to women up to parity.
The money from this sale was earmarked for paying off loans, and capital gains tax, as well as a new clubhouse and changing rooms.
