Most businesses need some kind of financing.
All they need is some financing, and they'll take the world by storm.
But smaller associations in parts of the UK with less bullish housing markets have no such bounty at hand: they will always need some public sector finance.
Because taxpayers will bear any losses, finance ministries need some say.
If Chrysler is really on track for a turnaround, and all it needs is some financing to get over a bad patch, why doesn't Cerberus Capital Management, which owns 80percentt of the company, put up the money?
If Chrysler is really on track for a turnaround and all it needs is some financing to get over a bad patch in sales and debt markets, why doesn't Cerberus Capital Management, which owns 80percentt of the company, put up the money itself?
"Freefall" is, in essence, a call for stronger government to combat all the market failures that Mr Stiglitz sees in modern financial capitalism.Mr Stiglitz argues that finance needs some structural change the too-big-to-fail banks need to be broken up—and more and better regulation.
Lending those funds will cause inflationary pressures, but he and other panelists said the economy needs some of that liquidity to finance growth.
"The company doesn't need more financing".
"We definitely need more financing to make that happen".
