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The government has to get back in there, she argued, and provide more public services, more education, more scholarships, more small loans to spread equal opportunity.
The businesses that can borrow through Funding Circle are vetted using credit check mechanisms comparable to that used by banks, and lenders split their investment across multiple loans to spread the risk of bad debt.
That caused "low doc" and "no doc" loans to spread.
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When this happens, tenants using the platform can request an installment loan to spread this missed month out over 6 or 12 months, instead of getting hit with huge late fees.
Stephen C. Hilbert, the man who built Conseco into a large insurance company, allowed the loans to be spread more broadly before he was ousted in the spring of 2000.
For the federal government to pump extra tuition money into the system, in the form of low-cost loans, in order to spread opportunity more widely, and to allow more schools to provide more than skills instruction, seems like a small price to pay for the kind of society it buys.
For Brightpoint, AIG provided an insurance policy that was essentially a loan, enabling it to spread over several years a loss that should have been recognised immediately.
The undoing of Kallakis's scam came in 2008 when AIB had sought to sell on some of its loans to other banks to spread the risk.
Instead of syndicating the loan to other investors to spread the risk, Piraeus bought up the entire deal.
Financial instruments such as credit-default swaps (in which the seller agrees to compensate the buyer if a third party defaults on a loan) that were meant to spread risk turned out to concentrate it.
It has an income-contingent education-loan programme that permits borrowers to spread their repayments over more years if necessary, and in which, if their income turns out to be particularly low (perhaps because they chose important but low-paying jobs, say, in education or religion), the government forgives some of the debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com